I guess it's more of a matter of philosophy to me. Older cars are cheaper to insure and property taxes are low.

The rate at which a new car depreciates is mind-blowing. If you buy a new car, you are grouped into 2 categories in my book: 1) You're a complete idiot. 2) You have so much money that it simply doesn't matter (there is nothing wrong with this, as long as it's really true).

Your car is one of the last truly great automobiles. I would rather sink $2,500 in my car today, then pay $600/mo for a new car for the next 6 years with an inferior build quality...

It's all in how you approach the issue...

Good Luck,

-GH