We own a sedan from 2004, and use it as a daily driver to get around town. Currently it has about 240,000 miles on it, and KBB estimates I could get around $2250 from a private party if I wanted to sell it.
Mechanically it is just fine (so far as I'm aware), however given the age I'm expecting something to fail in the near future. Once it fails, given the value of the car, it would likely not be economical to repair it.
Should I drive it into the ground, or should I sell it and try to use that money as part of a down payment on a newer used car? I'm concerned that if I wait, I won't be able to sell it for anywhere close to what I can now, and then I'll have get that newer used car anyways.
Edit: Probably worth noting that we do have the budget to find that newer used car if we decided to go that route.
Submitted May 07, 2019 at 12:29PM by Kyouitra http://bit.ly/306fA18
