Quote:
Originally Posted by KeelHaulin
You can keep throwing money at an old car until you are spending more than a monthly payment on a new one (and you can't find parts anymore)
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I can't think of a realistic scenario where buying a new car would be cheaper than maintaining an old car yourself. I spend about $1000/year on parts maintaining my 1987 Mercedes 190D Turbo, because it's such a rare car that all of the parts are super expensive and have to be shipped from Germany one at a time (they only made about 1000 of these, and only for one year). I can't imagine a car exists with more expensive parts- perhaps a 30s rolls royce or something? The cheapest new car- a Huyndai accent for example would have monthly payments of at least $200/month. My other car- an old Volvo wagon costs that much per year to maintain.
An old sailboat is even easier, because all of the parts are fairly generic. There's hardly a part on an old fiberglass sailboat where you couldn't adapt a used part from a scrapped boat of another brand for nearly free.
Just last month, I saw an abandoned 25 foot boat that was being towed in by a sheriff, and he let me pull all of the hardware I wanted for free, as spares for my C22.