I have a Mazda 323 P reg with about 55k on the clock. Today I heard a loud blowing from the exhuast as I started it up. Mechanic tells me it needs the front , middle and catalytic converter doing - total cost around £440.
I paid £700 for the car about 2 years a go from a friend, which at the time had only 24k on the clock so a bit of a bargain for a cheap run around.
I cant see the car being worth anymore that £600 now and within the last year its just had new discs and pads, a new alternator and 4 new tires about 5k ago. I cant see anymore work being needed to the car but obviously you never know.
Financially I could realistically afford to spend £1500-£2000 out right on a new car today. The other option would to be to take out some sort of finance (which I am dead set against) and then I would not want to spend any more than £150-£200 a month (I dont even know what kind of car this would get you)
In my head I am thinking I should just get the work done. Yes, it starts to push the bills from it in the last year to more than the car is worth, but I am working on the assumption that
a. it doesnt throw up anymore big bills and
b. 2k will probably doesnt buy me a car that offers any reliable protection against short term big bills
Whats the general opinion on this - am I crazy for spending more money on this or does it seem a prudent choice given the above details?
I paid £700 for the car about 2 years a go from a friend, which at the time had only 24k on the clock so a bit of a bargain for a cheap run around.
I cant see the car being worth anymore that £600 now and within the last year its just had new discs and pads, a new alternator and 4 new tires about 5k ago. I cant see anymore work being needed to the car but obviously you never know.
Financially I could realistically afford to spend £1500-£2000 out right on a new car today. The other option would to be to take out some sort of finance (which I am dead set against) and then I would not want to spend any more than £150-£200 a month (I dont even know what kind of car this would get you)
In my head I am thinking I should just get the work done. Yes, it starts to push the bills from it in the last year to more than the car is worth, but I am working on the assumption that
a. it doesnt throw up anymore big bills and
b. 2k will probably doesnt buy me a car that offers any reliable protection against short term big bills
Whats the general opinion on this - am I crazy for spending more money on this or does it seem a prudent choice given the above details?