Reply to Should I trade in now?

Forum Index » Cars and Transportation

Reply to "Should I trade in now?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I have a 2014 Ford Escape with 28k miles on it. It's paid off (warranty expired).  I know trade in values are high right now ($15k estimated for mine), but also that new cars are in low supply.

Would I regret not trading in now, especially when/if the 2014 car starts having whatever issues cars have around year 10?  I like not having a monthly car payment right now, but could be willing to take on a car payment if it's in my best interest later on.

Thanks for helping me think this through.
[/quote]

You don't need to trade it in! That car can go another 10 years. You hardly have any miles on it.

It's ok if you put some money in it at year 10. Think about it-if you put $2k in it, how many car payments would that equal? 4, 5 maybe? Would the car last longer than 5 months? Yes, likely. Probably 5 YEARS since you don't drive much. You'd get a great return on that 2k.

I drive a 10 year old car with 225000 miles. Daily driver. I put $1200 into it about a year ago, worth every penny. I wouldn't hesitate to fix anything, especially with the prices of cars nowadays-meanwhile I am saving to pay cash hopefully for a new car at some point.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics