Whenever you take your car into the repair shop, it’s natural to think about upgrading to a new one. After all, sinking more money into an automobile that seems to be on its last legs is a discouraging prospect. One day, you’re forced to replace a failing alternator. The next day, it’s the catalytic converter. Next week, you might need a new transmission. Is it finally time to retire your vehicle?

Below, we’ll take a look at this question from an analytical perspective. There are pros and cons to each side of the decision; the path you choose should reflect the factors that are most important to you.

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