Keep old car or buy “new” preowned: WWYD
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Anonymous
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We own a trusty 2011 US spec Volvo XC60. It runs great and rarely has a problem, but it’s a decade old and has about 140,000 miles on it. We’re relocating from overseas back to the US this summer, and are going back-and-forth on whether to keep and ship the Volvo back or sell it before we move and buy a new to us preowned car once stateside (likely the same make but newer).
The cost for shipping the car over is $3,000 and KBB values the car at just a little over double that. It seems somehow like a bad idea to spend half the worth of the car just to ship it, then again, we’d be looking at spending $30-$40,000 on a newer car once back... which also seems pretty extravagant and unnecessary given our car runs well now. I know this is a really silly kind of post, but I guess I would feel better crowdsourcing what you would do in this situation. |
Anonymous
| Used cars are incredibly expensive now. You’ll pay more than the $3,000 in increased price on a used car. |
Anonymous
| It runs great? Keep it! I have 330k miles on my Landcruiser and get offers from people to buy it from me. |
Anonymous
Yes keep it. |
Anonymous
| If it runs well keep it. Yes it’s expensive but it’s hard to find trusty older cars. Plus they are expensive. |
Anonymous
| Keep. Used cars are crazy expensive right now.. We are pushing 200k miles on our Toyota. |
Anonymous
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I say keep your car.
The used-car market is a chaotic mess right now & I would do anything to avoid it. |
Anonymous
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How many more years do you expect you will get out of your current car?
Selling it now means you get about $6k, right? I would just work out the cost per year. $3k plus any maintenance/repair to keep the old car for another X years. $30-40K - $6K = $24-34K + maintenance/repair to have a new car for X +10 years, assuming the new car has a similar life span to the old. |
Anonymous
| That’s a pretty old car. Maybe time for a new one? |
Anonymous
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Keep. I have a minivan with 200k miles and a Toyota with over 100k. Both are paid off and run well.
Now is not a good time to buy a vehicle. |