Car repair update: prognosis not good

January 30, 2008 at 3:59 pm Leave a comment

In a previous post, I mentioned that we were taking our car in for repair. It’s had an oil leak for quite a while, and it’s just getting worse. We dropped it off last night so the mechanic could have all day today to work on it. But, late this morning, we got a call that we weren’t expecting.

The oil leak is worse than everybody thought. We figured it was the oil intake and we were prepared to pay the $600 to $700 to fix it. But, now, we are told that it’s not the intake at all. It’s the entire engine. It’s going out. Because of the age of the car and the mileage, it’s not worth the money to rebuild the engine nor buy a new one for it.

We’ve decided to simply drive the car until it goes out, which can be a few months from now or years, and save up until July to replace it. The crappy thing is that we’re probably going to be forced to throw in the savings for our daughter’s school, which starts in August. We’d get a discount if we paid in full up front. But now, we’re probably going to do the monthly payment plan.

The good thing out of all of this is that we’re not going to have to go into debt to make anything work. Three years ago, that wasn’t case.

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Entry filed under: Budgeting, Emergencies, Saving and Investing.

Another car repair, another dollar The Forbes 20 Cash Queens of Music

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