I do agree with the philosophy of the cost of repairs exceeds the value replace it WITH caveats. My example is my wife’s XC90 V8 Sport. It had a timing cover oil leak and then developed a pretty significant rear main seal leak. It was rare model and in terrific shape for a 12 year old vehicle, but had 205k on the clock. It was 3 grand just to fix the rear main and upwards of $5k to fix all the leaks. The vehicle had a KBB value of $5-6k. We sold that one, as-is, and moved on. While there was nothing else pressing, I knew there would be more things coming up. We had decided that we didn’t need two 7 passenger vehicles anymore and had planned on replacing it in 1-2 years before this all came up. We also have the philosophy of older (nice) cars that we pay cash for.I don't know where this idea came from that you should not repair a car if the cost of the repairs exceeds the value of the car. That is hardly the right comparison. The real issue is whether or not the cost of the repairs exceeds what it is going to cost you to replace the car.
I think people come up with nonsense just in an effort to justify their desire for something new and shiny.
If you want new and shiny, okay. Just be honest about what you are doing.
Now, had this happened to my LR3, I’d have fixed it. I think most of the people here are in the similar mindset to this because when the answer they’re probably referring to their rig. They’ve figured out what they like AND have modded it to their liking. Unless you find that one right person, those mods don’t really add much value to the vehicle. Which then makes more sense to fix it.