When you drive an older vehicle that is bound to need repairs, it’s normal to wonder if the cost of repairs is really worth it. A good rule of thumb to follow is if repairs cost more than half the car’s value, it’s not worth it. However, there are other u003ca href=u0022https://www.fixdapp.com/blog/red-flags-its-time-to-replace-your-car/u0022u003ered flagsu003c/au003e that can help inform this decision.u003cbr/u003eIt’s also a good idea to look back at the last year or two of data to see how much you’re spending on your car. One big repair a year can make you question keeping your older vehicle, but if it’s otherwise reliable, decent on gas, and has affordable insurance, it may not be worth it to buy new, especially with the rising cost of ownership. According to u003ca href=u0022https://newsroom.aaa.com/2022/08/annual-cost-of-new-car-ownership-crosses-10k-mark/u0022u003eAAAu003c/au003e, the average cost to own and operate a new vehicle in 2022 is $10,728, or $894 per month. So, if you’re spending less than that right now, it may be worth keeping what you’ve got.