Hi Everyone,
I currently have a 2004 Mercedes S430 w/ 93k miles on it that has been a solid vehicle for me
since I bought it in 2010 from a friend when it had 32k miles on it. Besides the oil changes I have
just finally completed $2k worth of maintenance items - engine mounts, trans mounts & replace
front struts.
The same friend that I purchased this vehicle from is now looking to sell his 2011 Accord LX w/
23k miles on it for $14k and I have been thinking of purchasing it from him and selling my current
car since the cost of ownership will drop considerably ie lower insurance, fuel costs, maintenance
and the low miles.
Here is the options I've considered:
1. keep current vehicle since it is paid off and has no major issues
2. purchase & finance the Accord, while I sell current car and use those funds to pay down the financed
balance
Any insight on what possible options would be best for me would be greatly appreciated.