Ask Stacy: Should I Keep Repairing My Old Car or Replace It?

We've all been there: Your car is starting to need a lot of expensive repairs, but you're not sure when it's time to throw in the towel. When is enough enough?

Welcome to “Ask Stacy,” a new video feature on Money Talks News. Most weekdays, I’ll answer a money question sent in by a reader or viewer. (Learn how to send in a question of your own below.)

If you’ve ever driven a clunker — and who hasn’t? — you’ll relate to today’s question. It’s about knowing when it’s time to stop sinking money in your old friend and move on.

Here’s what I think …

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The questions I’m likeliest to answer are those that will interest other readers. In other words, don’t ask for super-specific advice that applies only to you. And if I don’t get to your question, promise not to hate me. I do my best, but I get a lot more questions than I have time to answer.

About me

I founded Money Talks News in 1991. I’m a CPA, and have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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