Quote:
Originally Posted by jim1960
Wade, that's a bad analogy for a couple of reasons. First, the cost of an oil change is never going to exceed the value of a car that still runs. Second, the person driving that beater may be broke not have the money to replace it with something better. In this case, the cost of the repairs is clearly going to exceed the value of the guitar. If a person is so broke than he can't afford to replace a guitar with a value of around $100 or less, it would be irresponsible for anyone to encourage that person to throw his limited funds into costly repairs.
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The point that Wade made, albeit with a less than ideal analogy, is one with which I agree.
There is the market value and the value to the owner. I have an old Ecuadorian classical guitar that I don’t think it would fetch more than $50 on eBay but I was willing to pay $200 to have it repaired 24 years ago and have never regretted it.