Would you trade in your paid off 2016 honda for the same new model for $2k?

[Anonymous]

I was floored by the kbb, i would only need to pay $2k to get the exact car brand new, the car is paid off and 5 years old.

[Anonymous]

I would. But my Honda dealer has no cars in to sell; have to be pre-ordered with unknown wait time. I’d ask more questions about the availability of the new car.

[Anonymous]

Just had to buy a Honda to replace a 2016 that was totaled. You won't be able to get a new model for MSRP. Not even close. And you'll have a long wait - dealerships told us that they are preselling everything they can get their hands on.

[Anonymous]

Assuming (1) your pricing premise (trade in value) for your existing car is correct; (2) your pricing premise for the new car is correct (see PP’s); and (3) the new car is actually available (see PP’s), it would be worth a look.

Keep in mind, however: (1) there are transactional costs (registration and title fees, etc.) associated with the purchase; (2) insurance will probably be higher; (3) the newer model may be redesigned and no longer the comfort and performance equal of the old; and (4) according to many posts on DCUM, new car quality for many makes, including Honda, has declined over the years.

[Anonymous]

Yes, and not sure it would depend on the car There are new safety features out in the past few years and many of the new models are bigger.

[Anonymous]

Anonymous wrote:Just had to buy a Honda to replace a 2016 that was totaled. You won't be able to get a new model for MSRP. Not even close. And you'll have a long wait - dealerships told us that they are preselling everything they can get their hands on.

+1 that's why it sounds too good to be true, OP--it is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just had to buy a Honda to replace a 2016 that was totaled. You won't be able to get a new model for MSRP. Not even close. And you'll have a long wait - dealerships told us that they are preselling everything they can get their hands on.

+1 that's why it sounds too good to be true, OP--it is.

So here’s the question. Could he sell the car, and wait for supply to return — how much will MSRP rise in 1-2 years?

[Anonymous]

I wouldn’t trade a paid off, reliable car with low miles and no problems for a new one with potential new-car problems and hassles.

I have a 2016 forester. I had a loaner 2020 forester for a couple days while getting new tires on my old one. I HATED it. The eyesight system, blind spot monitoring, all the “safety” features, even the parking brake design, made it a nightmare to try to get used to fir a couple days.

No thanks. Who wants to spend a day reading a manual and a month getting used to driving something new if it’s not necessary?

No me.

[Anonymous]

Transaction costs would stop me

[Anonymous]

No unless maybe I had put a tom of miles on it. I want an EV for my next car.

[Anonymous]

Anonymous wrote:I wouldn’t trade a paid off, reliable car with low miles and no problems for a new one with potential new-car problems and hassles.

I have a 2016 forester. I had a loaner 2020 forester for a couple days while getting new tires on my old one. I HATED it. The eyesight system, blind spot monitoring, all the “safety” features, even the parking brake design, made it a nightmare to try to get used to fir a couple days.

No thanks. Who wants to spend a day reading a manual and a month getting used to driving something new if it’s not necessary?

No me.

Stop, you are just trying to discourage people from competing with you when shopping for a new car.

[Anonymous]

Anonymous wrote:I was floored by the kbb, i would only need to pay $2k to get the exact car brand new, the car is paid off and 5 years old.

If the cost difference is truly only 2k, sure, absolutely a no-brainer move. But see what you can actually sell the car for and what you can buy the replacement for, complete with sales tax, and see if it still makes sense. Take the car's new price, divide by 15 years, and that's the yearly depreciation you are looking to match.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn’t trade a paid off, reliable car with low miles and no problems for a new one with potential new-car problems and hassles.

I have a 2016 forester. I had a loaner 2020 forester for a couple days while getting new tires on my old one. I HATED it. The eyesight system, blind spot monitoring, all the “safety” features, even the parking brake design, made it a nightmare to try to get used to fir a couple days.

No thanks. Who wants to spend a day reading a manual and a month getting used to driving something new if it’s not necessary?

No me.

Stop, you are just trying to discourage people from competing with you when shopping for a new car.

DP, but this is wild. You think their whole plan to buy a cheap new car is to discourage people on DCUM from buying?

[Anonymous]

Yes of course. How is this even a question?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wouldn’t trade a paid off, reliable car with low miles and no problems for a new one with potential new-car problems and hassles.

I have a 2016 forester. I had a loaner 2020 forester for a couple days while getting new tires on my old one. I HATED it. The eyesight system, blind spot monitoring, all the “safety” features, even the parking brake design, made it a nightmare to try to get used to fir a couple days.

No thanks. Who wants to spend a day reading a manual and a month getting used to driving something new if it’s not necessary?

No me.

Stop, you are just trying to discourage people from competing with you when shopping for a new car.

DP, but this is wild. You think their whole plan to buy a cheap new car is to discourage people on DCUM from buying?

It's called a joke. Pull the stick out of your ass.