My wife has an 04 VW Golf, with about 95k miles on it. She takes the bus to work, so only used a few miles per day for commuting. Just started tracking the odometer to see how much we put on it per year. Bluebook value is $3-4,000
Repairs on VWs are of course expensive, and from what I hear complicated things will eventually fail with these cars (my dad had a horrendous time with a 90s audi). I keep going back and forth on whether to keep it till it dies, or to sell it soon while there's some value and buy a toyota/honda hatchback instead, probably with fewer miles, <80k or so. Would probably cost $8-9k, so out at least $4,000 cash to do the trade now, but of course also adding life to our car
My gut tells me the opportunity cost is not worth it, and it's better to not spend the money until we have to. But I also hate car repair bills. I'm looking into what I can do myself (bought one of those error message readers), and consider myself reasonable handy. With little/no knowledge of cars though.
What's a reasonable time to keep this fiddly, overengineered German timebomb?
edit: another problem is my wife will want a prius, which would cost $12k or more (minus golf value), but save some gas. Still not sure I can convince her to get a Fit