To sell or not to sell the car?
As we are in the final stretch of paying off our mortgage, the question frequently arises: How can we save more money?
I currently drive a 2010 Subaru Forester which averages about 22-24 mpg. It has a dent and small paint damage to the front right panel of the car that would cost about $1500 to fix. Here are the things I’m considering: Should we sell the car and buy a used one that gets better mileage and try to make money off the sell to throw at our mortgage? Is it worth it to go through all that hassle when we could maybe make 5K? Or do we keep the car since it’s already paid off, and we probably wouldn’t get the blue-book price since it’s damaged.
I’ve been reading this article by Mr. MMM regarding the top 10 cars for smart people, and I’m leaning towards a used Honda Fit. Although the Prius get excellent gas mileage, I’ve been reading that there is an exorbitant fee for replacing the battery that could cancel out the money you save on fuel.
Questions for you: What do you think? Have any experience with one of the cars listed on the article by Mr. MMM?
Thanks for reading!