I’ve decided to put this under repair and maintenance because repair and maintenance will cost money, and money is what my concern is here.
In a few months I will be moving to beautiful Los Angeles California to pursue my dream of becoming a big, famous, super rich, Hollywood star! Actually I have a job in the film industry lined up that will pay me hardly anything - but I’ll be doing what I love so I’m going for it.
Here’s my question - I’m currently driving a 2006 Chevy Cobalt SS. Its a fantastic car. Reliability has been impeccable, and its a blast behind the wheel. However it’s costing me an extra $300/month for a payment and an extra $70 for insurance (versus liability only). I’m trying to cut costs as much as possible, and I could buy a used car for about $2000 before I leave.
Do I stick with the reliable, newer car or roll the dice with a Camry (or something similar) that has 150k? Money is going to be tight, and an extra $370 a month would feel great. Having an older car nickel and dime me to death, however, would not feel so great.
I owe less than my Cobalt is worth, so I know I can get out from under it, but should I???
Thanks in advance for any advice!