Hey all, I wanted to get your input on something.
So a friend of mine gave me his car to use while I get back on my feet financially. It's a super nice gesture for which I am eternally grateful to him.
In effect, the car is mine. I can do whatever I want with it, including selling it (as long as I pay him what I sold it for - no deadline on the payback).
Problem is, it's a super gas guzzler older model luxury sedan. 18-24 MPG on average. ~145,000 miles, and starting to show some maintenance problems, recently had to pay $700 to fix its driveshaft. Car is worth about $2,000-$3,000 optimistically.
On the plus size, I don't drive much. I live out in the sticks, and make a single 250 mile round trip once per month to visit family and do a Costco shopping run. This comes out to about 3,000 miles driven per year. Otherwise, I ride my bike to work and around my small town. I only use the car for that one once-monthly trip.
I remember MMM saying that the price of the car matters more than the MPG for a car you don't drive often. However, the approaching maintenance issues might shift this. I don't know.
Should I sell the aging luxury sedan and replace it with a cheaper, low MPG hatchback with lower miles? Or should I keep it, and keep my fingers crossed for no maintenance issues? What would you do?