I would like some input in my vehicle conundrum.
Back about a couple years ago my 1990 honda needed the rack and pinion replaced for $700. I thought that it was a little too much to pay for a car that may not be worth that much so I sold it and bought a different car. I had read that if you were planning to keep the car more than 10 years it was worth it to purchase new. I agonized with the decision, test drove a few used cars. and for the price decided to buy a brand new VW wagon. I seems that I got a good price. I had a couple of dealerships compete for the best price. Anyway, I thought that this way I could pay this baby before we need to replace the wife's vehicle. The interest rate is only 2% but it eats $311 of my cash every month. Even before I started reading the blog I was considering biking to work, but because of distance and time constraint it doesn't seem feasible at the time. I bike to work, just not every day. Thus, I enjoy driving the wagon. I looked for a standard transmission that it is something that I enjoy driving.
There is another issue I also have an VW Eurovan that we use mostly on trips. It is a 2001 model with just over 100K miles. I drive about 12K miles a year. If gas is $3.5 a gallon, the wagon would cost about $1200 a year and the Van $2100.
My question is if I should sell any of the vehicles. or just keep them...
2013 VW wagon, 33 mpg, 19K miles
pro: it has been reliable, I enjoy the car
Cons: car payment, wife cannot drive due to transmission KBB value $15K (owe: $9K)
2001 VW Eurovan, about 20 mpg, 103K (I think I could sell this thing for about 10K)
pro: great vehicle for traveling, I enjoy driving it, the wife can drive it if necessary, It's paid for.
Cons: some repairs can be pricey. We don't seem to be traveling as much anymore.
My wife drives a 2004 chevy Malibu with 130K that has no issues; I hope it lasts several years. In general I have had bad luck after cars reach 130K miles for some reason.
Anyway, just looking for ideas and suggestion.