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by Zoomie
Thu Mar 03, 2011 11:43 pm
Forum: Off-Topic
Topic: My Poor Car
Replies: 38
Views: 4253

Re: My Poor Car

Your engine blew up. That is now a sunk cost. Suppose its worth 4K to you and it would cost 3K to fix. If you could get more than 1K for the car in its current condition, sell it and buy something else. If you can't get more than 1K for it (in this hypothetical situation), then fix the car you have. Economics 101.

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