Originally Posted by
UberGeek
..Just like bikes, cars have very few truly expensive repairs. Engine and transmission about about it. An engine/tranny replacement on a $500 car will most likely come up to about $2500 total. Still less than the $5000 car.
But a lot more than another $500 car. Sure, that one may blow the tranny next week, but who knows what the 500-repaired-for-2500 will come up with in that time? Maybe you fail a MOT due to rust? or to the cats going out or....
It's a gamble either way, and the car vs bike comparison don't hold up very well. With a new BSO, you know where you're starting. with a $500 car, it's an indetermined state.