I am no financial pro but if you have reliable transportation that does not break down often i would keep it. Save the money and when you pay that car off then think about getting a new vehicle. Unless you need another for wife/kids. Its really about living in your means. Many people have a hard time doing this. Sure it is nice to want more. Sadly having the means to do so means you gotta make sacrifices. Also think about this for a moment. If you do not have extra cash to deal with emergency's or things that pop up then it makes it harder to live so close to the edge. Living paycheck to paycheck is difficult. My suggestion is for you to feel comfortable financially before making another investment.( Cars included.) Then you can with confidence move forward. Hard to buy wine on a beer budget.