I looked @ mazda 3 skyactive texases, a nice car but price point is more than $20k to get the 39-40mpg highway I believe. out of the picture.
exactly steve. worst case scenario calculation without a down and trade-in value only @ $2k get me the new car @ $275/mo (less the fuel savings) which is only 2 mos of the repair.
knowledgepower,thanks for that info that I had to pay the excess mileage before the purchase as I'm not familiar with leasing a car.
to make it a little bit complicated, I do have 2 other vehicles where 1 is an everyday use for drop/pick-up kids at school while other 1 is so old and a lot of miles that I use it sparingly nowadays. I was also thinking of adding the little remaining value of the 95 camry to add as down and that would save me another $25/mo.
I'm presuming the insurance savings for the maxima & camry will offset the insurance for a new car.
looking at the possible scenarios, either I keep the car, shell out $107 more in fuel, $500 in having it fixed on the cheap end and hopefully there will be no more repairs in the next 3 years OR go for a new car, shell out $250-275/mo but has that guarantee that is is repair-free in 3 years time and has more life ahead.