is that used car of yours suffering from mechanical issues? Can you run it a few more years to recoup the cost?
older vehicles tend to cost less in insurance, and provided that it's still mechanically sound, then all it ever needs should just be the standard, if not basic maintenance stuff (brakes, gas, tires, batteries, lightbulbs, oil changes, a bit of tune up every now and then)....
Newer cars suffer from serious depreciation the moment you bought them....and then the insurance costs, etc. the only thing good is that you start with a fresh new car with fresh new mechanicals (transmissions, brakes,etc.)...
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