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Do we want to drive to the nursing home in a 10 year old junker?

Yes. Yes, I do. Well, sort of.

If it's junk at 10 years, you're not taking care of it. My current daily driver is celebrating its 20th birthday. When I take the time to wash it, it still looks good. No rust anywhere. (It helps that I live in a place where cars don't turn into rust buckets in 5 years.) Engine and tranny are strong. Paid $3500 for it 12 years ago. Could sell it for $2000 today - or at least some time this week. So it's cost me less than $150 a year in depreciation. Yes, it also takes about $1000 a year in maintenance and repairs.

I'd rather have the money this car - and several predecessors - has saved me over the years than the new car smell that wears off after a month.

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