Quote:
Originally Posted by Scanner
Anybody have a hard and fast rule they use? 50% of replacement cost?
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We've run into that same conundrum a few times - with our washer, our dishwasher, our cars, etc. Can't say I've got a firm rule. Part of what makes that determination is the overall condition of the item in question. I don't mind spending $200 to fix something if I think it will last once the repair is made. On the other hand, if I have reason to suspect that repair could be the first of many, I'm more likely to scrap the item and start anew. The age of the item matters, too. Most items have a generally expected useful life. For my Toyota, I fully expect to get 150,000 miles out of it. So I'd gladly make a $2,000 repair if it has 90K miles but might not if it had 145K.
Personally, I wouldn't have spent the $178 to fix a 10-year-old dryer that I could replace for $400. In fact, we encountered that one just last year and went for the new dryer.
As a side bonus, the new dryer is faster, quieter and more energy efficient than the old one.