Should I Sell My Clunker And Buy A New Car?
I have a 1996 honda civic with 150k miles on it. I am debating if I should sell my car and buy a new(used) car.
The reasons I want to sell it:
1)The AC dosent work, not worth fixing and it gets hot in Atlanta.
2) Has good bit of body damage that I have hammered out myself, not an vechical you would want to pick up your date in.
3) It’s not worth much right now, so I want to get what It’s worth now before the value depriciate more(Personally I think it has depreciated to it’s lowest value). I would guess it’s worth $2000 tops.
4) This car affects my personal life, people judge me, I cant really impress anyone with it.
The reasons I want to keep it:
1) It runs fine, no mechnical or engine issues
2) Gives great gas mileage, I can squeez 45MPG when I am Hypermiling.
3) Inurance is cheap, since it’s old and I have only liablity coverage.
4) This car will probably last me for another year or two before it starts giving serious problems.
So what would you do?
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Filed under Gas Conservation FAQ by on Feb 16th, 2010. Comment. 
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Comments on Should I Sell My Clunker And Buy A New Car?
Put a *Eat Rice* sticker on it get a big chrome exhaust pipe drive the snot out of it till next year then sell it to some kid just before school starts
Hate to break the bad news, but your car is worth about $1000 tops if you sell it, and about $500 if you trade it in. I’d drive it for another year, and in that time try to save up a small down payment for when you are ready to buy something else. You car will be worth just much in a year as it is now.
If you can afford another car payment or have the money in savings to buy another used car, go ahead.
go and get yourself a nicer new used car.
I would trade it now while it still runs good. If it gets mechanical problems later, and you know it will, then your trade or resale value will be greatly diminished. And it could break down while on the road leaving you stranded. Bite the bullet now, trade it in. A year from now you will be glad you did.