Car trade-in question

That's our typical stance, and we'll undoubtedly drive a new one until it drops.

If she hates the car you could always offer up the old take one car payment annually and go the the Coach store approach. That's an offer no woman can refuse. To be fair my current vehicle still has a CD/Tape deck combo...
 
Oh, boy, this will be good. Nothing like a finance related question on CF!

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We have a 4 year old car with two years left to pay (balance around $5000 as we went with a 6 year loan but big down payment). My wife is close to work so we're only a little over 20,000 miles.

I'm curious if we'd be better off trading it in two years when it's paid off or if a trade would be better (or financially similar) now?

Cannot advise unless you specify the color of the car. Color rules all car decisions.
 
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If she hates the car you could always offer up the old take one car payment annually and go the the Coach store approach. That's an offer no woman can refuse. To be fair my current vehicle still has a CD/Tape deck combo...


I spent a Saturday last summer putting in a new blue-tooth stereo into my '01 jeep grand Cherokee because I was using a fm modulator that was crap. It was the best $250 I've spent on that vehicle in 10 years.

Between that and new tires the year be, I now have to drive it another year or two. :(
 
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At the rate you're/she's putting miles on, that could be the rest of your life. Sell it now while the value is higher and then run the new one she likes for a long time.

Exactly. Keep dragging your feet or just do it and get her the car she wants. We're pushing you to make up your mind, isn't that what your want? **** or get off the pot.
 
Oh, the main reason for a trade in is that she doesn't like it. She wanted to go cheap and wishes she had spent a little more and got what she wanted (a Toyota RAV4 or similar).

For as little use as it has gotten in 4 years why go into more debt to upgrade it for something that still will likely get just as little of use? Holy crap if you cave in for that little bit of driving I sure hope you keep that one in your back pocket for when you really want something your wife is totally against.

My wife is driving a 2007 Impala with just under 90k miles and it was paid off a long time ago and believe me having no car payments sure is nice for the monthly expenses. She would like a newer car but like me knows there is no point to go into more debt when we have currently have 2 vehicles that are paid off and do what we need them to do. I guess when it comes to choosing cars I look at it more from do I need to or do I want to because unless you can afford it there is no point in changing cars too frequently just because you get bored with what you have and want something newer. If all she is using it for is minimal local driving it sounds like that car is doing it's job of getting her from point A to point B.
 
i debated a new car for over a year and kept making spreadsheets and crunching numbers. finally i saw a car i wanted and pulled the trigger - it wasn't even a questions because i knew this was the one i wanted. point is all the planning i did didn't matter once i saw the right car.

what is the blue book value of your car? can you sell it private party and get more? if you'll walk away with more than you owe decide how much of your savings you can put down for the new car and add the resale cash into the down payment. we all know you're getting a new car - it's just how long will it take for you to pull the trigger?
 
I my mind you are money a head, car won't be worth more in the future.

we all know you're getting a new car - it's just how long will it take for you to pull the trigger?

This is my line of thinking in your situation. If your wife doesn't like the car she has, it's not a matter of if but a question of when. Might as well be soon and try to hold your money together on your current car. I would guess you'd do pretty well selling the car privately with that low of miles compared to what a dealer will try to do to you.
 
Cars (almost) always go down in value. It makes sense to me to sell it today, and pay off the loan.

I hate selling things privately so I'd probably trade it. But you can definitely make more selling it yourself.
 

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