Quote:
Originally Posted by TwinturboCamry
You guys buy cars for re-sell value/investments?
Are you guys high?
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Quote:
Originally Posted by Fett4Real
Thats not the point...the point is that the cars newness actually hurts its value...imagine you total the car right now and have no GAP coverage...you take a $10k hit because of this.
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Agree with @
Fett4Real, that's not what my fear is. I didn't buy the car for it's resale value, but i did expect it to hold on better. My personal fear is that even with a downpayment, I am still flipped (thankfully, not a lot). If, for some reason, I have to sell the car (baby, loss of job etc), I can't do it, or I go into my emergency fund. Thankfully, neither of those have a great chance of happening soon, but I HATE being flipped on a car.