I bought a Volvo 240 DL 1990 a year in half ago for $4000.00. Since then I have spent about $2,500.00 in repair bills(rebuilt fuel pump, starter, water pump, rear shocks, ac refill, overdrive electronic device, new transmission seals, new joint boot, new tie rods). Now it seems that after spending $200.00 on recharging my ac, there is a freon leak because a week later the air does not stay conistantly cold. And in addition the break failure light has come on today(stays on even though the brakes seem fine). I originally bought this car because although I have good credit, I didn't like the idea of making car payments for the next 4- 5 years. But spending $2,500.00 in a year and half in repairs is scaring me and making me wonder if I am doing the wisest thing. When should I draw the line in investing in my car? Is it time for me to say no more?

 

You're not investing in teh car, you will not make money therefore it is not an investement.
Frankly, it sounds like you paid far too much for it initially and your repairs sound exorbitant too.
Whatever you own as a vehicle will cost money, you have replaced parts that are a 100k mile failure mode, so it is up to you, but know that those items you replaced will not need attention for a very long time.
If you buy another car, you are rolling the dice on expensive repairs again.

Regards, Andrew.