With some of life’s questions, there are no hard-and-fast, right-or-wrong answers. The best approach to take will depend on your circumstances and where your priorities lie. Such is the case when it comes to figuring out what to do with your current car when purchasing a new one.
You need a new car. And by new, we’re talking about something better than your old car. It could be showroom fresh, it could be a couple of years old, or it could be a thoroughly used but not abused car. Whatever the case may be, it needs to solve a problem, and that problem, for whatever reason, is your old car.
Microwave ovens eventually die and require replacement. When mine started making an odd popping sound and emitting an electrical smell during use, I unplugged it, went to the closest store known to sell microwave ovens, bought a new one, plugged it in, and then continued heating up leftovers for lunch. It took less than an hour.
My brother is a money guy. He knows how to squeeze value out of every single penny he earns. At work, he uses his personal car for business, for which he receives a mileage allowance. He also spends plenty of time on clogged Southern California freeways. A couple of years ago, when the time came to get a new car, he determined that a plug-in hybrid vehicle would actually pay for itself while giving him a carpool lane access sticker.