First time poster here. I need to tap into the wise Mustachian (is that how you spell it?) community for some advice.
I have a 1997 Honda Accord sedan with approximately 162,000 miles on it. It needs a new radiator, spark plugs, and muffler, and has a small but substantial oil leak. The car gets about 26-27 mpg on my 22 mile round trip commute (going up and back on Arapahoe road in the "city" of Centennial, CO). I've never had any major mechanical problems, and I'm pretty sure the car could get to 200,000.
As I've considered doing the needed repairs (myself, of course!), the thought has crossed my mind if it would be better to cut my losses and sell the car right now. Blue Book estimates $1,500-2,000 for that model year/mileage. I have enough cash to buy something in the $7,000 range without selling and would prefer to stay at that amount if I did buy something.
What do you all think? Would you keep the Honda, or buy something with better gas mileage? I've seen the Nissan Versa hatchback in my price range and have been giving it serious consideration.