My 1996 Toyota Camry (yes! I know it’s an old car) is in the shop for serious repairs : the radiator, water pump and timing belt all have to be replaced. I decided to graph out the average annual capital cost from when I bought the car (in 1996, new), along with the average annual maintenance cost, all adjusted for inflation. I left out insurance and gas costs but included tires and lubricants. The bottom line : money-wise there is still no justification for replacing the car. But there is a lot more such as confidence in the car’s reliability, the ‘image’ projected by driving a 17-year old car and missing out on the new technology and better fuel consumption of today’s cars.