I’m trying to finalize a decision (discussed in another post) about whether to repair my old car or buy a newer used car, and am trying to address the financial side of it. (Thank you again to all those that weighed in on the various issues previously).
Although I know there is no perfect (or even very good) way to ever know when any car is going to need repairs or for how much, is there any most sensible approach to estimating yearly or longer term repair and maintenance costs? (In my case, the two cars are an '89 Corolla at 189k miles vs. a 2004 Camry at 150k miles. And also if I consider other nearby cars for sale, or for the (let’s hope far) future.)