What's the KBB trade in value of your car? If it's still relatively high I would look at trading it in instead of putting more money into it. Only because....cars don't last forever and yours is already 13 years old.

 

I would get something newer...

 

I guess it comes down to what is next, if that's the only major foreseeable wear item for a year or so, I'd do $1000. But at 240k miles it could be a wash. But still putting down a wager on it - I'd do it cheaply and procrastinate if leaving it be isn't going to end up costing more down the road.

Also depends on what you'd replace it with - the devil you know vs the one you don't.

 

Are you replacing the subframe due to rust? If your state salts the roads in winter it might be time to look into another vehicle.

 

Once you are replacing subframe, you're probably looking at a lot of small repairs piling up. $1000 is pretty cheap for that repair, but getting hit with a few of those bills adds up.

Of course, with the market the way it is, you have to decide what you can afford and when. If you can afford new or a CPO with a warranty, at least you have some time that you're protected in exchange for having a car payment.

Sorry you are in the position to be making this decision. Hope it goes well however you decide.

 

Thank you for all you comments.

I spent a good night sleep and decided to go ahead with the repair. Why spending my money on something where I basically start all over? Just the addional cost for all the equipment (winter/summer floor mats / rust proofing / runflat tires / winter/summer wheels and tires), that would add up. Thus the wheels might fit another model.

I rather have my money available as an additional emergency backup. The car served me well in the past and I trust it it will do so in the future.

And if I ever get a ding or dent, well, it wont bother me.

Thanks again.