Car repairs! Keep the car and fix it or go for a new one?

  • Thread starter Thread starter BS 2008
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BS 2008

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GM is offering 2k cash off 08 Cobalts plus I have a GM supplyer discount. I have a 99 Honda Civic that is a decent car but its starting to need work put into it. I still owe 3500$ on it with an interest rate of 13%. Payments are 204 a month. I bought the car used last year. Its got about 65k on it but I wondering if it would make sense to upgrade and get something brand new for about the same payment and with a warrenty. I have decent credit, reason the interest rate is so high I think is because of the age of the car when I bought, most banks didn't want to finace an older car.
 
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