Hi Everyone!
Here's my situation:
I own a 2008 Nissan 350Z, KBB "good" value to private party is between $9900 - $11,800 with my mileage (105k miles). Dealer trade in about $9500.
I still owe $6,000 on the car, and it will be paid off in 20 months. My payment is around $300 per month. I have a 5% interest loan on the car and did a 60 month term loan.
I am wondering if you guys would recommend selling the car to buy a beater, or just keep driving this one into the ground. I don't have any cash to put down right now.
I am 28 years old, married, no kids planned for the next 5 years. I drive about 12,000 miles annually.
Thanks!