I’m looking for some advice on what would make more financial sense in my situation.
I bought a used Ford Figo around a year ago for ₹2.10 lakh. The car is now around 14 years old.
Currently, I have two expenses coming up:
- Suspension work: around ₹20,000
- Fitness/registration-related expenses: around ₹20–25,000
So I’m looking at roughly ₹40–45k of spending to get everything sorted.
The car itself is otherwise in decent condition, and I haven’t had any major issues apart from the usual age-related stuff. But since it is already 14 years old, I’m wondering whether it makes sense to put another ₹40–45k into it or whether I should sell it now and put that money towards another used/newer car.
My dilemma is:
Option 1: Spend ₹40–45k, complete the suspension + fitness work, and continue using the Figo for the next few years.
Option 2: Sell the Figo now, take whatever I can get for it, and buy a newer used car instead.
What would you guys do in my situation?
Also, for those who have owned older Fords, how difficult/expensive is it becoming to maintain them and source parts?
Would especially appreciate advice from people who have actually owned 10–15+ year old cars.
Additional details if useful:
Location: Hyderabad
Car: Ford Figo
Age: ~14 years
Purchase price: ₹2.10 lakh
Owned by me: ~1 year
Current repair/fitness estimate: ₹40–45k
Thanks!