Need advice on potentially keeping or trading...
I’m currently two years away from paying off my 2016 Honda Accord Touring V6. It has fairly low kms at 80k, and factory extended warranty until 2023 or 130k. I have about $15k with tax to pay it off. In typical Honda fashion, it’s been trouble free.
My wife’s car is a grand caravan that’s not been very reliable, but it’s paid off. She wants a midsize SUV next (think RAV4, CX-5), and suggested I trade in my Honda for a used SUV in a similar price ballpark. This would allow me then to get a truck as I’ve always wanted in 2 years when this car is payed off.
Seems like a sensible approach, right? I’d likely get near the base model of those SUVs to keep the price near my Accord, so I’d be giving up on features. I’d have to stomach driving the van for 2 years before then getting whatever truck I want. Note that my wife will not get a truck as she doesn’t want to drive it, so if I don’t make this move now I’ll be handcuffed later as we don’t want to have 2 concurrent car payments.
Anything else to consider? I like the accord but don’t love it (would rather have a truck for weekend warrior trips along with my holding my mountain bikes and towing my camper).