Pay off this car OR buy a cheaper one?

[nepidor]

Hi fellows,

I've been trying to solve this by myself but can't arrive to a definite answer, would appreciate additional brainpower to figure this one out:

I have an infiniti q50 hybrid that I financed for $27,000k last year and I have $21,500 remaining to pay for it. Paid $2,000 to register it and it's financed at 3.25% APR. (payment is like $350 but I'm paying $500 every month)

I'm considering paying it off and keep only minimal insurance on it - right now I'm paying about $100 per month just to have 'mortgage required' comprehensive and collision on it.

Another consideration I have is to sell the Infiniti and buy something with $13,000 cash -like a mazda3 with low mileage, pay $1000 to register it and just drive it until it dies.

Can I have your thoughts on this please?

[Reynolds531]

My gut says exit. And find a crv or similar. Mazda 3 would be a bridge too far.

But yes the premium SUV should go.

[nepidor]

ok so I found a 2015 mazda cx-5 with 28k miles on it, for $14.9 cash - gonna get this car and drive it into the ground, while selling my infiniti