Quote:
Originally Posted by SeanPizzle
Am I the only one going all Dave Ramsey here? Trading in a 2017 car, you will realize a 6 or 8K depreciation hit and the sales tax hit. Then you buy another 2017 car and pay more sales tax.
I visualize taking 80 or 100 hundred dollar bills and lighting them on fire in the BBQ
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This ^^^^exactly. I have a freind who gets a new car every 2 years whether he likes the old one or not (probably leasing). He, and his wife have resigned themselves to making 2 car payments forever, so they might as well have the newest, nicest cars they can get for thier $800 (2 cars) monthly payments.
I generally keep a used car for 5-8 years, and only take a $2000-$3000 hit total, and have been driving a triple black 2004 Mustang GT convertible I bought for $2500 for 3 years now......another 2-3 years, and I should be able to sell it for about the same price.