New or Used: Executive Express or Wannabe Hotbed?

Thomas writes:

Hi Steve and Sajeev,

Currently I own a 1999 Accord -2Dr V6 with about 76,000 miles. The interior looks good- the leather is in good shape I’m still quite happy with the stereo system I installed in it years ago. However, the exterior is a different story. 9 years of Arizona (un-garaged) sun has not been kind to it. The paint is looking *rough*. Peeling clear coat on almost all the horizontal surfaces. I won’t mention the hack paint job I did on the trunk lid with my Harbor Freight air compressor and E-bay spray gun in my shed. It’s also sporting a tweaked front bumper/light/hood from a tiny fender bender 11 years of parking lot door dings. So it’s UGLY. The Accord has its 75k mile service is coming up, $200 SRS light is on, $800 timing belts have yet to be replaced, and the rubber bits are falling apart (latest is a cracked $300 Shock boot).

In the other corner, the object of my desire: 2003 Infiniti M45 88k miles 4.5l V8 $10k

Family future-proof with 4 doors, fast and classy. I’ve always loved that body style. I figure the difference in premium gas and my commute would hit me for about $400-500 a year (not a deal-breaker) According to the VIN the dealer picked this up for about 7k, I’m guessing I could nab it for 8000-8500 and grab 4k on the trade-in. Thoughts??

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