Quote:
Originally Posted by peteremsley
so where is the sweet spot for trading? mine is 5 years old now with 72k. needs new tires, but nothing else (touch wood). Get a new one before things go wrong, or when they start to go wrong?
While I'm not particularly attached to the car, owning a newer, fancier one would not make me feel better or more successful.
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I think the sweet spot for trading in a car financially is way past 72k miles these days. I got the new focus because my wrx was start to me very minor troubles at 12YO and 130k miles. Was trouble free until then and probably should have driven it a few more years.
Every additional mile you get out of a car is a win in my book. I dont think there is a case where a car you have had for a while depreciates more in an incremental mile than a new car would in an incremental mile. Barring foreseen catastrophic failures of course