At 50,000 miles and regular maintenance and replacement of tires/battery/etc the economic decision is easy...keep the old car. It does all the same things a new one does.
In retirement if one can afford doing something, we make the decision difficult because we always tend to look at a major purchase like we did before we retired.
However, at this stage of your life, if the purchase of a new vehicle is within your means and does not impose any give and take on your budget, then treat yourself to the new vehicle.
We went through the same self discussion last fall about a new vehicle and decided if we can afford it then why not!!!!!! So we did.
Good luck
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