Good idea selling and then buying car

Hello r/cars I am being given an opportunity to sell my car and purchase a new one. The circumstances are like this: I will be selling a 2012 Nissan Sentra loaded with features, everything from sunroof to navigation. It has 72,000 miles and is worth roughly $8,500. I will be purchasing a 2006 Volvo S60 2.5t loaded with all of the same features except for navigation and bluetooth but that is an easy fix with a new stereo head unit. Yes the car is 12 years old but it is immaculate as if it were driven off the lot yesterday. It has 40,000 miles and is like brand new. It is worth roughly $6,000.

So in theory it sounds like a terrible idea but I will be paying off the Sentra with the money earned from the sell, and loosing a car payment all together with the purchase of the Volvo as it will be a cash deal. I’m a recent college graduate and now completely independent and any source of money savings is going to come in handy.

I guess the question is sense the car is a little older will it still be reliable, yes the Volvo is “nicer” than the Sentra but is it as reliable and can it be guaranteed for approximately five or so more years?

submitted by /u/heypep144
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