I’m a bit torn between the decision of buying a 2016 Ford Focus ($14,100, 0% APR for 5 years) or continue to drive my 2000 Saturn SC1 with 214,000 miles.
I recently put about $500 into my Saturn - new rear brakes, some other minor repairs. This car should run many more years. BUT, the interior is in rough shape. The windows don’t work, the ceiling cloth is falling down, and some other things. I do a lot of commuting for work so I spend a lot of time in this car. On one hand, I’d like to run this car into the ground, put all the miles I can on it until it literally falls apart (could last another 100 - 200k from reviews I’ve read). However, it’s not very comfortable for a tall guy like me.
The new car is appealing because, well, everything is new, and comfortable. Working windows, etc. Would cost me about $260/month to finance, plus an additional $35/month in better insurance.
Ford is having a good sale at the moment - hence the good deal. Do I wait and keep driving my Saturn, or take advantage of this good sale and make the plunge into a new car?
Thoughts?? Thanks in advance!