When I bought my ML, I financed it under the 48 month plan with normal payments for 47 months and the balloon payment at the end.

That balloon comes due in Nov 2002.

The question is, should I refinance the balloon and keep the ML, or should I head to the dealership and look at something to replace it with?

It's currently at about 36K miles, and is in very nice condition, inside and out. So I am not opposed to keeping it. It gets driven lightly on weekends, but serves mainly as the bi-annual long hauler during vacations.

If I decide to keep it, I will keep it for good, but otherwise, there are some nice features in the later models that I like...the optional media system for instance, which I found out can not be retrofitted in the 98 or 99 models.

There is also a low-mileage 01 ML55 sitting in the lot that is going for what a heavily loaded ML320 tops out. Worth a second look...

Any opinions would be appreciated...

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2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car