bangernomics, where do you draw the line?

[Bobthebeard]

Not sure if I am doing this right or not...

We bought an eight year old Honda Accord estate for £7000 and ran it for two years. Put 90K on and sold it for £1500. Bought a Saab 9-5 estate on here some years later for £500 two years ago and still have it. Probably still worth £500 on a good day as it is reliable and sorted. Big loss on the Honda, the Saab has been just as good really. Repairs and general running costs work out around the same. I don't take the resale value into account when repairs are due. Just the like for like cost in replacing what I have.

[New POD]

I don't take the resale value into account when repairs are due.

I take replacement cost into account.