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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][quote=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.[/quote] 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.[/quote]
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