I currently have a 2003 mitsubishi lancer oz that I still owe around $7,000 on. I turbo-ed the car and basically modded it, now it needs lots of maintenance, I regret so much. Now, I want to go luxury and get a bmw, but the bmw is 7,999 with 100,940 miles. Now, If I traded my car in for the bmw, will it take advantage of me? Should I trade it in for a cheaper car, like this nice prelude I saw for around 6,000 with 137 miles on it? Which is a better deal in value, reliability, and insurance rates?
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