Buying a “beater” car saved money initially. Unfortunately, your repair bills are high. Your car is in the shop right now and it needs a new transmission. After all, you need a car to get to and from work. This economizing garage estimates the amount to be $1500, and it will be ready on the 16th of the month. (You are borrowing a friend's car right now to get around, so you still need to budget for gas.)

Questions
What did you do to deal with this debt? At what point is it a good time to unload a used/older car? Use cost/benefit analysis.

Question

Buying a “beater” car saved money initially. Unfortunately, your repair bills are high. Your car is in the shop right now and it needs a new transmission. After all, you need a car to get to and from work. This economizing garage estimates the amount to be $1500, and it will be ready on the 16th of the month. (You are borrowing a friend's car right now to get around, so you still need to budget for gas.) 

Questions 
What did you do to deal with this debt? At what point is it a good time to unload a used/older car? Use cost/benefit analysis.