I would seriously consider keeping the car and keeping it road-worthy.
My '93 Dodge Caravan is still going strong with good maintenance and
replacement of wear parts. Do you really need to get it painted
professionally?
If your wife is picky/embarrassed than maybe, but after the 15th year,
I just
do a bit of hand-sanding and paint away any peeling with a spray can.
If your timing belt breaks, your motor may self-destruct. Stay safe
and
stay frugal. When it's time to replace it, buy a fairly late-model
second-hand
car. The previous owner has already paid for the most depreciation.

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