We're trying to decide car life. We just can't be a one-car family right now with our work/school schedules and childcare needs.
Currently, MH's car has the car seat. It's a Prius, so it gets 45+MPG. We have a year left before it's paid off. We are keeping this thing until it dies. LOVE IT.
My car doesn't have a car seat (we just didn't think we'd need two). It's a 2000 Toyota Celica that I flipping love. But it's a two door.
FIL is looking to get rid of a four-door 2004 Pontiac Grand Prix. He's willing to trade us that car for whatever we get from selling the Celica.
I can see how it would be nice to have a four-door car. I appreciate the offer.
Here are my concerns:
The Toyota has 63,000 miles on it.The Pontiac has 74,000. At least in my experience, Toyotas tend to last forever, whereas Pontiacs...not so much. And we really, really don't want to do another car we're paying for anytime in the next three years.
KBB on the Toyota is about $500 more than on the Pontiac. Probably not a lot in the world of car prices, but that's two of our Prius payments.
The Toyota has averaged 30MPG for the last 6 years. The EPA estimate for the Grand Prix is 21MPG average. BUT the Toyota requires the most expensive sort of gas, and the Pontiac just eats normal gas.
The Toyota is due for about $1000 worth of work over the next year. We don't know how much maintenance the Pontiac needs, and the ILs don't either.
I really PPH my car. But if it's not practical, I know I need to be a grownup and trade it in. I don't want to do anything on a whim or out of feeling pressured, however. What else should we be considering as we try to figure out whether we should take up FIL on this offer? Any other thoughts?