<prompt> Human: What I am trying to figure out is if selling an old car and buying a newer car makes financial sense, as a general concept.Right now I have a 2007 Accord with 790000 miles on it. Good condition, I take decent care of it as most owners would. Ive valued it using the blue book and its probably worth a little more than 9000 if I sell privately. My friend has the 2008 Accord with only 48000 miles on it.We are both college students, so we have some, but not a whole lot, of money. What he wants to do is sell his car for 12000 and spend some extra to get a low end Mustang. Not something I would do, but hey Ill let him live his dream.Now, should I do the same thing, except buy his car? His Accord is in pretty good condition and has low mileage considering the age. Would spending the extra 3000 for a newer model and 30000 miles less be better in the long run, financially, than running my current car into the ground? Ive hear Hondas have a pretty good life expectancy, so maybe I could get another 7 years from it. I would have to front the cash now, but it would delay when I would have to buy a new car for a few years.  <response>: Not really worth it IMO. Your car still has relatively low mileage for the year. An Accord with 79,000 miles is just getting broken in. 