Wife Getting a Company Car

Wife got a nice promotion a couple of weeks ago, and is getting a company car. We have two cars, both with notes, and will have to get rid of one and we're struggling on which one to get rid of. I don't see the difference much in a financial sense, so I'll ask y'all if I'm missing something.

One is a 2011 Ford Edge. We owe about $5,000 on it, and it has 105,000 miles on it. Current note payment is $290, but we always pay $500 per month. Interest rate of 2.9%. It is her primary car right now.

Second is a 2012 Subaru Outback. We owe about $8,000 on it, and it has 41,000 miles on it. Current note payment is $220, but we also pay $500 per month on it. Same interest rate as the Ford. It is my primary car.

I think both have enough equity in them so we could pay off the other with the sale proceeds, though we're not in quite as good shape on the Ford. But rolling over the $500 we put towards the Ford to where we're putting $1000 towards the Subaru I think we'd have it paid off pretty quickly.

Anything y'all see that I'm overlooking? My preference is to keep the Subaru because I love it, and it has less miles. Wife doesn't like the Subaru and wants to keep the Ford. There's always the option of trading both in. I'm guessing we have around $11,000-$15,000 in equity, combined. Would rather not take on a new note though being so close to having both paid off.