What would you do??
Thread Starter
Driver
Joined: Aug 2002
Posts: 85
Likes: 4
From: Il
What would you do??
Hi all,
I may have the opportunity to trade in my 2002 SC for a 2003 SC, for my car and $7000. My 02 has 10K miles. One of the reasons I am considering this is because I am very unhappy with the ecru interior.
But, let's assume I can live with that. I think that $7000 to drive the car for 10 months and 10K miles, is pretty cheap. It is almost a wash against depreciation. If you told me I would pay $700 a month and get a new SC every year, I would jump at it. I can pay the $7K for depreciation now or pay it in a couple of years when I trade/sell it. I guess after 4 years the rate of depr. will go down.
I think I would get silver/saddle or silver/black.
O.k. , your turn, tell me what I am missing.
Thanks
TjZ
I may have the opportunity to trade in my 2002 SC for a 2003 SC, for my car and $7000. My 02 has 10K miles. One of the reasons I am considering this is because I am very unhappy with the ecru interior.
But, let's assume I can live with that. I think that $7000 to drive the car for 10 months and 10K miles, is pretty cheap. It is almost a wash against depreciation. If you told me I would pay $700 a month and get a new SC every year, I would jump at it. I can pay the $7K for depreciation now or pay it in a couple of years when I trade/sell it. I guess after 4 years the rate of depr. will go down.
I think I would get silver/saddle or silver/black.
O.k. , your turn, tell me what I am missing.
Thanks
TjZ
CL Community Team
Joined: Oct 2002
Posts: 30,271
Likes: 349
From: Canada
For those that usually don't keep the cars much longer than 2 years, which is not unusual for toys like a SC430, I'd say go for it. From what I've read in this board, $7,000 seems like a good trade.
What is "worth it" varies for diffferent people. Some people would never buy a brand new car even if they can afford it. They'd pick up a 2-3 year old car that drives like new, but with the first owner taken the brunt of the depreciation.
What is "worth it" varies for diffferent people. Some people would never buy a brand new car even if they can afford it. They'd pick up a 2-3 year old car that drives like new, but with the first owner taken the brunt of the depreciation.
Driver School Candidate
Joined: May 2003
Posts: 24
Likes: 0
From: California
That trade is a good deal as long as the other party is reputable. If the trade is with a Lexus dealer - no problem. If it's with another dealer or a private party just make sure the dealer is reputable or the other party owns the car free and clear. Your out $7,000 if someone has a lien on the car.
Also, I have been trying to find a silver sc430 with the saddle interior here in california, but am told that combo is a special order on the west coast. Gorgeous combo. Wish I could find it here.
Good Luck
Also, I have been trying to find a silver sc430 with the saddle interior here in california, but am told that combo is a special order on the west coast. Gorgeous combo. Wish I could find it here.
Good Luck
Thread Starter
Driver
Joined: Aug 2002
Posts: 85
Likes: 4
From: Il
Well,
It looks like I am going to do the deal. My 2002 SC 430 / 10K miles and $7250, for a new 2003 SC 430 Silver/Saddle.
It just seems that $7250 to drive the SC for 10 months and get a new SC is a pretty good deal. I also get to lose the ecru, which looks beautiful when new but looks pretty bad after some time.
TjZ
It looks like I am going to do the deal. My 2002 SC 430 / 10K miles and $7250, for a new 2003 SC 430 Silver/Saddle.
It just seems that $7250 to drive the SC for 10 months and get a new SC is a pretty good deal. I also get to lose the ecru, which looks beautiful when new but looks pretty bad after some time.
TjZ
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