|It's Nearing Antique Status...|
So I go home, driving the loaner Chevy that Meineke lent me, looking at loans, interest rates, payments, different cars, all requiring hundreds of dollars per month for years! So I happened to look at my mint.com account, for my mechanic, Meineke, which has done a number of $500 repairs for me the last few years such as brakes, catalytic converter, and exhaust system pipes. I was quickly surprised how little my repair costs actually have been. In total over the last three years only about $3,000 rounding up. Not shown in the repair costs below are new tires, new rear shocks, a few oil changes done in person or paid in cash, or of course this week's repair. While $3,000 is significant, it is far less than the price of a new car. Given that math, it is costing me roughly $85 a month in repairs and oil changes to keep my old van, and only $45 in insurance per month. I realize that is still more than many people can afford, but compared to the hundreds of dollars my friends and coworkers pay for new cars and new car insurance, I'm keeping the van!
|Three Years of Repair Costs|