<prompt> Human: I own a 2006 Toyota Highlander with 127,000 miles on it. Its got 7,000 left on payments but I know the timing belt, front brakes including calipers thanks to a stuck cylinder and rear suspension need to be replaced soon. Im wondering if its worth trading in for a smaller car if I can get at least 7,000 for the Highlander therefore paying off the loan. A few factors Im considering:- The Highlander gets 18 mpg and a smaller car would get around 34 mpg, saving 1,500 per year in gas- I have no way of repairing the Highlander myself apartment, no garage so things like brakes become very difficult to repair- A car would provide a smaller monthly payment now but a longer life for the loan although if you add in the cost of gas then the cost of the Highlander may be similarMy question is should I buy a new or slightly used car or bite the bullet for the next 2 years of payments on the Highlander and hope nothing huge comes up? Price range for a new car would be around 20,000 but maybe Im thinking too high.  <response>: If you can sell it in its current condition for 7k, do that or get a higher price that nets you back all of your repair cost. Otherwise get it repaired. 