Spend the 1200 in reairs and maintenance. You will still have a great car and no payment.

I have the same mileage as you on my 02 3.0. I just did all those repairs and it feels like I have a new car. It is definately worth it.

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2002 BMW X5 3.0
2006 Ford Explorer 6 cyl
1998 VW Jetta 2.0 GLS
2004 Honda VTX1800C 100hp 97 lb of torque