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?

 

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.

 

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.

 

You better fix the leather scratch on the steering wheel first...

 

lmao

I agree with putting the car up for sale for a few thousand above market value. This way you still have some time to enjoy the car, you wean out the less-serious buyers, and you won't be selling at as much of a loss if you had waited a year or two.

 

Sell now; the longer you wait the older the car gets and the less you will get for it. Save for an RC F!

 

I agree, sell now. It makes the most financial sense and if you list it now, it'll take you about a month before its actually sold.

 

Sell and save money for RCF

 

Be lucky you got a Ford SUV. You could have gotten a GM SUV

 

Haha dear god the GM would have been a goddamned nightmare!

I am just happy my gas will be paid for over the high summer prices!