Sell my 99' corolla now?
I am going to be a medical student and my college car is a 99' corrolla with 68,000miles. My parents purchased it for about $6700 in 2003 @ 40,000 miles. I am a guy and i just dont feel the corolla is a good fit for me and would like to upgrade. Kelly's blue book says private party value for an excellent car of this quality is: $6275.
Most dealerships are selling for about 8,000+ with a lot more miles. I am at a point where if I do not buy a car now I will not buy one at the end of medical school with 120k debt!
Right now I have some leverage and can sell my car for profit..of which i have used for 4 years! I will only put in 4 years about 20-25k miles on any car i drive because my school is only 4 miles away.
What is the most logical thing to do....
1. Keep the car and buy another car after medical school.
2. Sell the car while it has more value than what you paid and get a used accord (20k budget)
If I sell the car...whats the best way to approach this sale! Thanks guys!