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When the repair will cost more than the value of the car. or over your budget ************** Well, ... it depends on
1. what other alternatives you have (rent-a-car, buy new car, other?) and what is the cost of each of them
2. what is the value of the car (after repair) if you sell it 3. what is the expected cost of repairs in the future (with other words, how close is your car to the end of the expected life-cycle)
4. what is the cost of the repair itself If, for example, the repair costs 5000 euro, and you can rent a car for four or perhaps five years, with 5000 euro, then it is possible that the repair is not worth this money. If, for example, the repair costs 5000 euro, but after repair you can hardly sell the car for 8000, then it more likely that it is not worth it, UNLESS the car worths much less than 3000 euro before the repair If. for example, the repair costs only 1000 euro, but you are sure that in the near future, the car will need a repair of 4000-5000 euro, then it is same as the above examples. The subject of whether a repair worths its money, is covered by a variety of mathematical models of maintenance and reliability theory.
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