Our gas guzzler broke down the other day. Most likely the engine needs to be replaced. A $2800 fix on a car with 190k miles on it that we have been wanting to get rid of anyway. Instead of fixing it we bought a used 2013 Yaris for $12,800.
We paid cash for it, private party ("borrowed" some money from ourselves that was set aside for something else and we plan on paying ourselves back over the next 6-9 months).
Our gas guzzler was paid for, and now hubby is having second thoughts on the car we just got. Honestly, I don't know if we did the right thing.
We both drive a lot so we'll save money in the long run (getting 35 vs 17 mpg), but I don't know if we were a little hasty in our decision.... Any thoughts?