I drive a 1992 Toyota Camry with just over 203,000 miles on it. As far as I know, the car is in good mechanical condition except that the rear struts are in fairly desperate need of replacement. How do you calculate the payback period for repairing an old but paid-off car, and how might you use this information to help decide whether to repair the car or buy a newer used car? [more inside]
posted by Juffo-Wup on Jul 18, 2008 - 20 answers