Q: Old car needs $4500 in repairs - is it worth it?

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The Toyota mechanic says the car needs a new L/F hub and wheel bearing assembly, front & rear struts with mounts & dust boots and an alignment, plus both front lower ball joints, for about $4500 - is it worth it? I've had the car 16 years and have put on 120,000 miles. I'm not sure if this is a good time to think about getting a new car, but if the work gets done and the car will last another few years, maybe it's worth it. Any advice? Thanks!

My car has 170000 miles.
My car has an automatic transmission.

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