Submitted by Fit-Pack-6412 t3_xx2af3 in personalfinance
Hello,
I currently am a 20 year old and I have no idea what decision to make here. I have owned my 2019 Volkswagen Jetta 1.4t for about a year now. I have a professional corporate job in IT that has allowed me to afford it. A family member recently retired from driving and they were offering me the opportunity to take their 2013 Cadillac CTS with the 3.0 6-Cylinder engine. The Cadillac has 33,000 miles and was serviced very consistently. My current car, a 2019 Volkswagen Jetta 1.4t currently has 37,000 miles (owe about $18,000 on it). I was wondering, if selling my Volkswagen, paying it off, and getting the Cadillac for $4,000 would be smart idea in terms of reliability/car ownership finance. I simply consider it because, although by my car choices you might not be able to tell, am a money pincher (so its rather attractive to have an arrangement with a family member and not have a loan on a vehicle).
Thank You,
A lost 20 year old (lol)