Ok, I am going nuts trying to figure out what to do so I need your opinions. My wife has a 07 Ford Edge with 55K on it. It is nearly paid off. We plan on keeping it for another 5 years. I have a 06 Taurus with 99K on it. It runs perfectly and I have not put a dime in it since I have owned it. However, by the time we buy my wife a new car it will probably have 160K+ on it. It will probably be close to needing replaced by or a little after that time. We do not want to have 2 car payments at the same time so I will need to pick something before then. I was thinking of selling my Taurus now while a can still get some decent cash for it now because the value on it is dropping monthly on it based on the mileage. I really want a new 2012 Mustang GT but it not practical for me to buy a 30K+ toy (read: kids' college funds). Soooo, in the spirit of practicality, I was thinking of selling my 2000 Mustang as well. That way, I can put some decent coin down on a new car. The only downside is that my new Mustang would be my daily driver. What are your thoughts? Don't be shy with your comments!
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