Need advice...
#1
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Need advice...
So looks like I may get a good job soon that comes with a company car and a gas card. Right now I have a 08 IS350 that I love more than anything but shes an old workhorse at 100K miles. Should I sell my car and take the money I make for a downpayment for a new car down the road? I know financially it makes total sense but goddamn I love this car. I get a ****ty Ford SUV from work so its definitely a downgrade.
What do you guys think?
What do you guys think?
#2
From a financial point of view, I'd say it makes sense to sell the car now and save the money since it will most likely never be worth more than it is right at this moment. Plus, you'll gain interest on that money while the car is a depreciating asset that will be losing value.
However, assuming the car is paid off, why not keep it for a while? You can drive it occasionally, and after a few years the mileage will be below average for the future age of the car.
Tough call, I know. If it were me, I would probably keep it for a year and see how much it was driven. If you find you're not driving it at all and it's not providing any value to you, then list it at a firm price a few thousand above private party value and wait for a buyer to come to you.
However, assuming the car is paid off, why not keep it for a while? You can drive it occasionally, and after a few years the mileage will be below average for the future age of the car.
Tough call, I know. If it were me, I would probably keep it for a year and see how much it was driven. If you find you're not driving it at all and it's not providing any value to you, then list it at a firm price a few thousand above private party value and wait for a buyer to come to you.
#3
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I like the above idea it satisfies my need for a fun weekend car while I wean myself off the car. And puts me in a good position to sell the car down the road. While I would like to one day get another IS I think I will be trying the GS when I buy another car in the future.
#4
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So looks like I may get a good job soon that comes with a company car and a gas card. Right now I have a 08 IS350 that I love more than anything but shes an old workhorse at 100K miles. Should I sell my car and take the money I make for a downpayment for a new car down the road? I know financially it makes total sense but goddamn I love this car. I get a ****ty Ford SUV from work so its definitely a downgrade.
What do you guys think?
What do you guys think?
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