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Reply to "Would you trade in your paid off 2016 honda for the same new model for $2k?"
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[quote=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. [/quote]
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