My 2014 subaru costs me $3800 a year in payments and insurance (above min coverage). And it's only that cheap (payments) cause I put $9k down on it.
So far other than tires, brakes and oil changes it's not costing me anything in repairs.
Bought my son a 2004 taurus wagon - $1000. Needs a muffler and wheel bearing, some maintence (oil/fuel/air filters). Repairs are gonna be $150.
A bit of rust but nothing more than cosmetic at this time. Everything on the car works perfectly, it's loaded (leather even, high end stereo), rides nice, no rattles. Sure it lacks modern fun stuff like satellite radio, keyfob starting, backup camera, side airbags - but it also lacks a payment!
Insurance is (for me) $160 a year. My son..well, teenagers pay thru the nose.
So yeah, if something major goes (say transmission) it's gonna suck to put $2k into it..BUT if I can a year more out of it..still cheaper, by far, than my subaru.
I quit driving old ratty cars because a) i could afford it and b) the hassle factor of having to fix them.
But the math doesn't lie.
I'm tempted to sell my subaru and get a van...love my subaru though...
I've had the same TV for around 15 years or so. Never been in the shop and needed any upgrades to work. Of course things are made today to keep money circulating. They don't make things to last for 10,15,20 years any more. They make things so they can stay in business.
My first boss had a car that lasted him for 13 years. Only reason he bought a new car was because the old one had developed rust in the back and was told it would cost 3k to repair. So he didn't want to spend that kind of money for a car that old because he was thinking what if something major happened to the car? He decided it wasn't worth it. He bought a new car and while at the dealership the salesperson told him the car he was buying won't last for 13 years. 7 years and it would be time for another one.