I've been in the precontemplation phase about a new car for a few months now. I drive a 2011 Subaru Outback with ~120k miles.
A few months ago we replaced the timing chain ($800), bought new tires ($400), and took it into the mechanic today because it needed an oil change, inspection, and my brakes had been grinding. It did need new brakes ($400) but they said it didn't pass inspection because the catalytic converter is cracked. That's a $1500 repair.
DH doesn't want to spend $1500 on this car, especially for something not safety related. His idea is that I drive around for another year with an expired inspection sticker, then we buy a new car next year. I'm a little tired of sinking money into this car as well, but I don't really love the idea of driving around illegally for that length of time. I think we either need to fix the car, or otherwise just trade it in and buy a new one. I'm worried if we fix it that in the next year, it will require another big repair and/or be worth even less in trade.
We can pay cash for a new car. DH's reasoning is that if we keep the car longer, we will have to buy less cars in our lifetime, and therefore save money. I would like to have a new car, and get the new safety and convenience features that my car doesn't have like blind spot monitors, being able to link to my phone, etc.
WWYD?