I was considering a new car recently, but realized the expense wasn't worth it when my perfectly good 2005 Honda Accord has plenty of driving left to do. The car does, however, look pretty sad. With 150k miles, mustachian principles say I could probably drive the car for another three or four years. It's probably worth about $4,000, and I was thinking of getting some cosmetic repairs done to make my old car new. Estimates say this would cost ~$2,000 - half the value of the car. Does conventional wisdom say it's poor decision to spend that much on a low value car? The thought of driving it in its current state for four more years is a little discouraging, and with repairs, it'd be a beautiful, paid for, economical car. So, should I spend the money or just put that amount toward a new car at some (slightly sooner) point in the future?