We need help making a decision about whether or not to keep one of our cars. My husband has a 2001 BMW 330i with about 80,000 miles. He is the original owner and I have only driven the car about 5 times so that tells you how particular he is about this car. It has had some engine work, mostly due to age and not to major issues. Right now it needs to have the belts replaced so probably about $1000 worth of work (every time we take it for repairs it’s about $1000). It’s never been in an accident and is in incredible condition inside and out for the age of the car, but it does need the headliner repaired and some minor upholstery work where a seam is coming apart in the leather.
We also have a 2012 Kia Forte that we lease for our kids to drive. The lease on the Forte is us up in October and we have the option of purchasing the car for about $11,000 which is less than retail. It has less than 7500 miles and is also in great shape. Here’s the dilemma - my husband is going to buy a new car. Do we turn in the Kia and buy out the lease so the kids will drive the BMW or do we sell/trade in a the BMW and keep the Kia? We keep going round and round about this and can’t come up with a good solution. The BMW is worth so little despite the low mileage and great condition that it hardly seems worth it to get rid of it but obviously the older it gets the more money we will have to put into it. Any thoughts?