Run my '09 into the ground or buy new?
#16
Registered User
iTrader: (1)
Opinions are like armpits everyone has them, and frequently influenced by their wallet.. do what you want, no right or wrong.. Me I lease all my cars, every 3 years or so I get a new car.. saves me the aggravation of trade in's or private sales. Cars always under warrenty.. down side, I always have a car payment..
#17
Lexus Defector
iTrader: (60)
Financially speaking, BB hit the nail on the head. It's best to keep a car that's paid for until the repairs cost you more than a car note.
What I do is pretend I have a car note (mine is paid, too) and drop that cash into your savings until you absolutely have to have (or want real bad) another car.
What I do is pretend I have a car note (mine is paid, too) and drop that cash into your savings until you absolutely have to have (or want real bad) another car.
From a "get whatever you can buy, damn financial restraint" standpoint, getting a brand new car every couple of years is great if you have the money to blow. Always have a new ride. Always have warranty. Etc. unfortunately, I don't had that kind of money to burn. I probably wouldn't do it even if I were wealthy though. Just me.
#18
Registered User
iTrader: (1)
$45,000 car get a good deal $42,000 sales tax and fees back to about $45,000.. put down $20,000 real dollars.. finance $25,000 for 60 months at 4% $460.00 a month for 60 months plus the $20,000 $47,600, five year old car is worth about $20,000
I leased my car put down nothing, didn't tie up $20,000 for 5 years.. payment is the same...I can buy the car for about $23K after 3 years, payments plus buy out $41500.. only real difference is I don't have to wait 5 years to own the car if I want to and I can do it 2 years earlier..
I leased my car put down nothing, didn't tie up $20,000 for 5 years.. payment is the same...I can buy the car for about $23K after 3 years, payments plus buy out $41500.. only real difference is I don't have to wait 5 years to own the car if I want to and I can do it 2 years earlier..
#19
I currently drive a 09 37s. Clean, love the car and really no reason to trade away but I have had my eye on the coming Q50s. I half expected to be first in and drive one home ASAP. Now I think I'll sit on the sidelines another year or two. Not so much so bugs can be worked out but wait for manufacturer/dealer incentives and future options. They'll come sooner than later.
#20
I would definitely keep it at least for 6 years. But easiest way to factor if it is worth trading in. See (what you bought it at - how much it's worth now trade in value )/ months owned. If the $ amount per mouth doesn’t bother you than go for it. Also if you get back more than you owe also a big plus lol go towards a down payment on the next ride .
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KZK
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09-02-2015 05:30 AM