Ok for laughs (more like tears) I decided to add up what I've spent on the MSP in the last two years, and it was sickening. I've done nothing outrageous like internals or even a turbo replacement, and I am well over $5k. Big items were the AEM FIC, RonDavis Radiator, SMIC, new tires, HPK, and new front bumper (stupid tabs broke). That's a boatload right there. The rest is all little maintenance, repair, and appearance stuff, but it adds up quick. Bushings, lock actuators, motor mounts/inserts, manifold studs, bearings, end links, etc. Had I not done all the work myself, it would have been an easy three grand more. And I don't know how to put a monetary value on all the time I've spent reading the forums.
I almost traded in my MSP for a turbo Cobalt SS when it came out back in summer of 2008. It would have cost about 17k to trade. That was around 9k for the trade, 24k for the Cobalt plus tax/title/license.
Just driving it was not anywhere near as fun as the MSP, even with near 100 more hp. It also felt crazy cheap. It made the Protege almost seem like a nice car. Anyway, I was really glad when I walked away from that deal and got back into my car, even with my ticking exhaust leak.
But now that I've spent all the time and money on the car just to have it depreciate another 2-3k, I'm not sure I am making the right decision to keep it. I just spent another $300 today on new control arms and urethane bushings. It's a sick sick affliction we have with these cars.
The best way to own cars is to pick them up around two years old, then sell them before you have to start doing any significant maintenance. All you'll ever lose is the depreciation, and you'll never have to spend a weekend extracting exhaust manifold bolts out of your block. If you are aggressive with your haggling and you live in a state without private party sales tax, a 40k MSRP car, (335, G37, TL TypeS, EvoX etc) for instance can be picked up with 25k miles for around 30k. If you drive it for 3 yrs, and put about 12k miles a year on it, you'll only lose about 8k in depreciation. Which is about what I've spent and lost on the MSP over the past two, except you're driving a siginificantly nicer and faster car that's under warranty.
The problem is we all don't have 30k in cash, so we have to get a loan, which adds interest to the equation assuming you can get approved. Also, we always have the itch to mod, to make the car better or faster, or simply more unique. We all say "get a daily that you won't want to mod", but what car would you be happy driving everyday that you wouldn't want to mod? It doesn't exist.
So here we are stuck with our humble MSPs, diagnosing noises, longing for more power, and burning money, but damn do we love them.