Money & Value

Beater Break-Even Calculator

Calculate how long until a cheap beater car pays for itself compared to buying a newer vehicle with payments.

Quick Presets

Results

Enter both options to compare costs

The Beater Strategy

Buy a cheap, reliable car outright and avoid monthly payments. Even with higher maintenance, beaters often cost less per month than financed vehicles.

How to Use

Enter the beater's purchase price and expected costs
Configure the new car financing details
Set your driving habits and fuel price
Compare the break-even timeline

FAQs

What makes a good beater car?

Look for reliable brands (Toyota, Honda), easy-to-find parts, low complexity, and a known maintenance history. Avoid luxury cars and anything with expensive repairs.

How do I estimate maintenance costs?

Budget $100-200/month for older vehicles. Research common issues for the specific model and set aside money for inevitable repairs.

What about the risk of breakdowns?

This is the trade-off. Beaters are less reliable. Have a backup plan, AAA membership, and some emergency funds. The savings usually outweigh the inconvenience.

Is this right for everyone?

No. If you need maximum reliability, have a long commute, or value modern safety features, a newer car may be worth the premium. Know your priorities.

Limitations

Maintenance costs are estimates
Does not factor resale value
Reliability risk not quantified
Opportunity cost of capital ignored

Beater Break-Even Calculator

Beater Car

New/Newer Car Alternative

Driving Habits

Quick Presets

Results

Monthly Cost Comparison

Fuel Costs

Total Cost Over Loan Term