I agree with Eric. Get it fixed and save what you think would be monthly payment money to the side.
Dont know what your monthly budget would be but I personally like to put enough down on a vehicle so that my payment is between $350 and $400/month.
Keep it until there is an absolute need for a another or different vehicle.
I bought my truck new in 2000 and it currently has a bit over 150K miles on it. I have worked the hell out this thing including towing close to 20,000 lbs up a steep grade with my foot to the floor in first gear doing 5 mph.(not on purpose. The tile guy lied to me and told me each pallet of tile weighed 1000 lbs. Turns out they were 2500 lbs and I had 6 pallets plus the weight of a 20 yard hydraulic dump trailor)and thats with a 6 litre gas motor. I've changed all fluids when they were supposed to be changed and so far so good.
The same truck new today will cost me over $50K. Will I ever buy a new truck? Hell no!! When the time comes I will replace engine and trans in the one I currently own.
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Gaetano Cosentino
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