Keep paid off car or trade in while value is high
I have a 2019 GMC Acadia. I am about 3 months from paying it off and trying to weigh my options. The current trade in value is about $14,000 give or take. It has 0 issues, 72,000 miles, I don’t drive a lot for work so it’s been great and I love this car, so I get routine maintenance all done on time. I already replaced the shifter for GMCs common “shift to park error”. It has fairly new tires and new brakes. If I wait to get a new car I’ll have freed up $367 a month plus if insurance goes down would be great to add to savings. However, I’ve heard these cars often take a shit around 75,000 miles and I’m concerned. Do I trade in while value is high and use that for a new Mazda with a warranty at about $35,000 with 3.9% APR on 72 month loan. Or do I wait it out? Please give any and all input!