Impact of new credit card regulations on SAHP's

iVillage Member
Registered: 11-22-2000
Impact of new credit card regulations on SAHP's
1062
Wed, 10-19-2011 - 11:38am

I saw a little bit about this this morning, and immediately thought of this board.


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iVillage Member
Registered: 01-15-2006
eh, it depends i guess. neighbors of ours got an estimate of 2000-2300.00 to repair something underneath their vehicle last year. that was enough to convince them it was time to get a new car, Lol.

 

iVillage Member
Registered: 01-08-2009

I would think that one of the factors in deciding when to replace a car would be the cost of keeping it in running order.

iVillage Member
Registered: 05-31-2011

You can spend $2200 just catching up maintenance services and very minor repairs in some cases.

The average auto repair labor rate varies depending on location between $70-$125 per hour. That adds up quick.

iVillage Member
Registered: 01-15-2006
we put a thousand dollars of work into our minivan's a/c unit about five or six years ago, that part never ever died on us again! i think taht contributed to a decent trade in for a newer car earlier this year actually.

 

iVillage Member
Registered: 08-22-2009

iVillage Member
Registered: 03-25-2010

I don't think a little over $2 thousand sounds like a lot of damage, at all.

iVillage Member
Registered: 03-25-2010
egd3blessed wrote:
eh, it depends i guess. neighbors of ours got an estimate of 2000-2300.00 to repair something underneath their vehicle last year. that was enough to convince them it was time to get a new car, Lol.

I think it depends on what is getting repaired, how old the car is, what the return on investment would be and so forth.

But what does this type of car repair have to do with insurance claims?

iVillage Member
Registered: 08-22-2009

Avatar for savcal2011
iVillage Member
Registered: 10-06-2010
My analysis has always been this:

When continued repairs (not standard maintenance like oil changes and tire rotations) are close to or greater than the cost of a car payment, time for a new car. So, if car payment would be $300 a month, but you're spending $3600 a year in repairs, time for a new car. If you're spending, $2000 a year in repairs, no new car.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

iVillage Member
Registered: 11-22-2000

Generally, the premium doesn't increase for the not-at-fault claimant.


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