Holding onto an old car can be sentimental, but often it's a financial drain. Here is when you should let go:
- Repair Costs Exceed Value: If a $500 car needs a $1000 repair, it's time to sell.
- Safety Issues: Rust, brake failures, or structural damage make it unsafe.
- Constant Breakdowns: If you can't rely on it to get to work, it's costing you money.