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Dodge Durango or Honda Ridgeline
It just so happens a local dealership has a 2003 Dodge Durango R/T identical to the 2002 that I used to own. I am now considering trading the Ridgeline for the Durango. The only real hang up is my Ridgeline only has 32k miles on it. The Durango I'm considering has 90k on it. Would I be a complete moron to trade a 4 year old Honda with low miles for an 8 year old high mileage Dodge? If I do, it will cut my payment in half if not more. I know that there might also be an issue of finding financing for an 8 year old vehicle. I really loved the Durango I had, but something possessed me to trade for the Tundra, which I also liked, but it was impractical for me.
My vehicles have been trouble free since I bought the Tundra, which is another thing that concerns me. I know by buying an 8 year old vehicle with 90k miles, there are going to be problems. I had a few issues with my previous Durango, such as a bad water pump, constant oil leak, and the check engine light stayed on almost all the time. Just before I traded it, I was noticing some noise in the transmission. What are common problems with the 2003 that I should factor into my decision?
I also know the Durango will like get worse gas mileage, but I don't really drive my Honda all that much. I have a 54 mile round trip commute to work, but my daily driver is a 2009 Galant. I park the Honda except for bad weather, vacations, and occasionally I'll switch out and drive it for a while just to run it. Therefore, the Durango will primarily be sitting unless it snows or I decide to take it on vacation. I get 17mpg like clockwork with the Ridgeline, and I recall not getting much worse than that with my previous Durango.
I could really use the money I'd save on the monthly payment (and hopefully insurance would go down too) for other expenses that seem to be increasing steadily. I realize I'd still be paying on the Durango for at least 3 if not 4 or 5 more years. I've had the Honda for 2 years and still owe 3 years on it. For the first time in a while, I've actually got a little bit of positive equity in the Honda, which will help if and when I trade.
I appreciate any and all feedback you may have. This is a tough decision for me, but I have cut just about all of my other expenses to the point I'm looking at the most expensive one, which I have avoided until now.