What to do....what to do...
I have a 2011 Jeep Wrangler Sport that has been, knock on wood, a very reliable vehicle. Sure, the gas mileage is crap, but I live 2 miles from my business (which I bike to during the warmer months in Michigan) and don't drive much altogether.
It has 95,000 miles on it (it used to be my mode of transportation when I worked at an office job 30 miles away).
I owe about $5800 on it (monthly payments are $400/mo).
The KBB value on it is around $17,000.
Which means, in theory, I have about $11,000 of equity in the car.
After a year of reading MMM, the right answer seems to be: sell it, buy a $6,000 car, and use the rest to pay down other debt (I have $13,000 of zero interest credit card debt).
But, this community knows better than I do. What's my best bet?