Advice Needed, should i sell or keep?
As the title says, I need some help deciding if I should keep my current car, or get a new one.
In 2022, I needed a car because my other stopped running - this was the time used cars were skyrocketing in price due to no new car inventory. So… I ended up agreeing to buying a 2015 Honda CRV for around $22,000 (with interest).
I have been paying $353 a month since, and still owe $7440 on my loan. My car currently has 243,000km. I have had zero maintenance issues with it, never requiring any extra servicing.
My question is… do I continue to pay off the loan and drive this car into the ground, or do I finance a new(er) car for the same or small amount more (nothing more than $22,000)
I am only really interested in reliable cars, but ones that also have more upgrades and less wear and tear than my current vehicle. I have seen multiple Honda civics newer than 2020 for under my budget, and to me it would make more sense to finance a newer car if the payment is going to remain the same.
I have not brought my car in to be appraised for trade in value but I believe I would probably get $7000ish from a dealership.
Please help!