<prompt> Human: I have a ford mustang 2015 GT. I got offered a trade in value of 24,000. I owe 21,000 on the vehicle still. The car is my baby, a little bit of an emotional attachment to it. It is the first expensive thing I have really owned but, I am sinking a lot of money in this car I fill up the gas tank 4-5 times a month for about forty a piece, and usually my employer covers about 80 of that. Then I have to get full synthetic oil in it and pay a decently high insurance on it. Also, with all of the torque the car produces I need to get new tires on her more frequently. The monthly payment is 370. I have found a Lexus 200 CT hybrid for 19,000. It is certified by Lexus, meaning bumper to bumper for two years two free oil changes, and tire rotation. It also gets around 40mpg. I would use the left over money from the mustang and another 2,000 down payment on it to knock the loan total to 14,000. Question is... Do I take this trade? Or have I sunk to much money into the mustang to make it justifiable? Any advice would help. I also live in Chicago, so I need something I can drive year round with harsh winters. Should I get a beater, go with the trade in, or sink another 1,200 into my mustang and get winter tires?  <response>: Id say to take the trade. It wont be long before you are upside down on the car and will owe more for the car then youll get for a trade in. I live in Chicago too. Winter is coming and that is not a good year round every day car to say the least !Cars are a money pit, expensive cars and luxury cars are just a bigger money pit. 