Replace our cars in Covid context
We are looking to replace our cas. My wife have a Kia Sedona 2009 with 170 000 km that begin to leaks oil and show it's age, I have a 2011 Hyundai Elantra with 140 000 km and I hate my car for 2 years !
We have 10 000 $ cash and I guess we can get around 5-6 k for our actual cars. We also have a mortage line of credit which is at 2,95% now.
We need one family ride (we have 2 kids of 8 and 11 years old) that we will use for road trip. That one will replace the Sedona . We will need a second car so I can go to the job.
Option 1: Kia Sorento/Hyundai Santa fe 2017 awd (should cost around 22 k) and a small car like a Subaru Impreza 2016around 14 k.
Option 2: Get a new car for the family (which one ?) and a 2014 car for me that would cost 10k max.
What would you do ? Thanks !