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Dear Terry,
We purchased a 2003 Cadillac CTS with a loan amount of $23,442 at 7.75 percent. Our monthly payment is $474 over five years. The car has 32,000 miles and is in excellent condition.

My husband wants to trade for a car that uses less gas. We don’t average more than 40 miles a week, since we’re retired. I think he is wrong. Please advise.
— Helen K. Wetzel

Dear Helen,
I don’t like to mediate marital disputes, but it’s probably not prudent to trade the Caddy just to get better gas mileage, given how few miles you drive.

If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car — sign up for Bankrate’s new weekend Car & Money newsletter.

This entry was posted on Wednesday, April 30th, 2008 at 11:04 am and is filed under Auto. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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