100k miles? We owe $5000 but it is currently worth around $11000 (this is private party value...we always sell our cars on craigs list). My husband puts about 25k miles a year on it because he has a driving intense job. Should we sell it now, pay off the loan, and buy another car with fewer miles? My husband is convinced we need to sell it before it gets over 100k miles because then we will get more $ for it ...since it is a mental state for a lot of people...cars over 100k. It looks like it will be worth around (according to kelly blue book) $8000 when we have it paid off but it will have around 120k miles on it. It has been a good car, not been wrecked, in good shape and we have it serviced regularly. Let me know your opinion. Thanks!
btw, the reason I need to know about this is because we need new tires and we do not know whether to invest and get really good ones or just some less expensive ones if we decide to sell it soon.
btw, the reason I need to know about this is because we need new tires and we do not know whether to invest and get really good ones or just some less expensive ones if we decide to sell it soon.