2001 Camry V6 XLE needing valve seal replacements, worth keeping?
My 2001 Camry is at 161,000 miles. It has been a great car, and I know it could last a bit longer if I invested more in repairs, however, I am starting to wonder if it's financially smarter to purchase a new car. I have spent about $5200 in repairs over the last three years. If you are interested, I have listed all of the repairs/major expenses.
Had some blue smoke at startup, and it's experiencing severe oil loss. From what I understand, I could keep driving it and topping it off until the catalytic converter goes out, or pay for the $2000-$4000 repair. Not sure if it's worth it anymore, but I know this engine can easily go above 200,000 miles. It has been very well taken care of with routine oil changes, but I think the recent 2,000 mile road trip I went on triggered all of the issues.
Financial situation: Currently, my income is about $35,000, but I live a pretty low-cost lifestyle, and would be able to pay a maximum of $350 monthly. My credit score is 758, and I have about $20,000 in savings, no debt. I like having a savings cushion, so I'd like to keep my budget under $11,000 total.
Would love any opinions/advice.
Maintenance record:
6/23 - Bulb replaced, standard inspection - $44
6/23 - A/C compressor drive belt/power steering belt replaced - $179
6/23 - Tires replaced - $570
9/23 - Rear brake replacement and trans flush - $623
1/2024 - Battery replaced - $199
1/2024 - Core deposit - $18
11/2024 - Front window regulators replaced - $830
11/2024 - Battery replaced under warranty - $0
12/2024 - Sunroof drains cleaned - $150
8/2025 - Replace bulbs - $68
09/2025 - O2 sensor replaced - $460.20
09/2025 - Radiator flagged, no leaking yet, just old
10/2025 - Mirror replaced (non-electric) - $50
12/2025 - 2 ignition coils replaced - $124
12/2025 - 1 Ignition coil replaced - $171.90
4/2026 - Brake fluid flush and pre-trip inspection - $305
4/2026 - New Shocks - $300
5/2026 - New shocks installed - $1020
5/2026 - Oil and PCV valve road trip fiasco - $120
$5,212.10.