No, but what will $10k let alone $12k get you today in today’s market?
That and really, these days a $1k repair isn’t that much money. It sure sounds like it, I think most of us remember when $100 for something was “expensive”. But inflation has crept in, and I think most of us like to remember something from 5-10 years ago as happening “just the other day”. I know I sure do! (but don’t ask me what I did yesterday)
My buddy is a really smart guy and makes A LOT of money. Those types tend to preserve wealth. So there are a couple of things that puzzle me with his thoughts. He has a family of 5, and gets the cheapest health care, a HSA. He said he has done the math and even with getting services, it's cheaper. Doesn't sound right but I believe him and suspect he doesn't need much for services. Then, my wife got insurance for our family and it blew his theory out of the water. School district had two choices only--HMO, PPO, $0 deductible (remember HSA, HRA, these were invented by insurance cos to defray costs to the employer, not to increase value to the employee--so when available, the HMO or PPO are jacked to a discouraging rate). I felt like it were the year 2000. Her cost is 33% of mine, $0 deductible, for the PPO, and mine has a $1,500 deducible. I can't wait for the first pay in 2023.
The other thing, he traded in a 2017 Odyssey, to avoid the timing belt job. And, said it makes financial sense. I teased him and said isn't it really that you want a 2022?
I bought a 2006 Lexus in 2016. In the 6.5 years that I've had it, I did do that timing belt job for $950 at an indie, but the car has been reliable (it's supposed to be bulletproof). As mentioned, I got a free multipoint in 2016 at the dealer, that said $6,700 needed. I've done none of it. My sneaking suspicion is that's what caused the car to be traded in, allowing me to pick it up. I paid $14k, which is not nothing, but it's not that much for a car that I've had 6.5 years and will have for years to come, imho....my .02