Keep It! Just plan accordingly for the expense of ongoing repairs (which will be lower than average for a Honda) and I guarantee it will be cheaper than the depreciation on a new car.
I'd challenge you to put the equivalent of a new car payment into savings every month...pay your maintenance and repairs from that pool...and then see what you have in four years!
I have a '97 Lexus with 136,000 miles on it. Silver has a '98 Toyota with 135,000 miles on it (and a cracked windshield). Silverdaughter has a '95 Jeep with 95,000 miles on it. My '69 Benz has at least 216,000 miles on it (the odometer didn't work for 20 years...).
As you can tell, I don't believe in new cars!
Last edited by Mr. Bloom; 09-28-2007 at 11:19 PM.
If you don't grow where you're planted, you'll never BLOOM - Will Rogers