Currently drive an early 2000's vw jetta (5 spd, TDI). Being a diesel it gets 40 mpg driving fast/slow doesn't matter. Only 150k miles on it, already have snow tires for it and have owned the car for 2 years. It's fun to drive, relatively safe. 2 things, it has a crunched in corner that gives it a "high schooler" look, and it has potential for 2-3k in repairs in the next year (slipping clutch and turbo is making a little noise). I use the car for work and always try to park the better looking side towards the office i'm visiting haha.
I love the car. So fun to drive. Easy to park. HOWEVER.. the coming repairs plus the 2 littles in the backseat are slowly running out of room make me think it's time to look for a "new" car. With the terrible market for used cars I haven't looked for one to replace the VW. However one of my clients is selling his used Cadillac (2008 DTS) and I could snag it below even blue book value. It's a 2008 (5 years newer than the VW), better safety ratings, better reliability than earlier Cadillacs, 70k miles on it, been parked under cover and retiree maintained/owned.
I would normally say "NO!!" but.. The VW is ready for re-registration this month, needs snow tires mounted, and won't get any bigger. I'm over 6 ft and can only scoot the seat up so far! The cadillac would cost $7500 and has new tires. I could sell my VW as-is for $3k (purchased 2 years ago for far less!), maybe more. I hate the idea of a fancy car, but it's fully depreciated, would look better showing up to business meeting not in a crunched VW, and has a lot more room.
Obviously it would be all cash no financing, liability only on the car.
TL:DR
Sell Diesel Jetta that is running small and may incur up to $3k in repairs in the next year with turbo and clutch (it already slips) - and buy a $7.5k cadillac that's in mint condition for below blue book?
Any feedback appreciated. I'm all ears