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Old 08-17-2014, 11:14 AM   #43
Dake
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Join Date: Aug 2012
Drives: FR-S
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You made the tough choice but the right one. I was right there with you in October of last year, except I was laid off completely. I was fortunate in that I bought my FR-S outright, so no payments, and I had the option of buying my old car back from the buddy I sold it to.

The FR-S became my rolling emergency savings, but I was able to get back to work within six months (though at about half the income) and didn't need to sell it. You have to do what you must to keep your head above water.

As far as Carmax goes (and I imagine your consultant explained it), their offers can differ by the day and even hour. I worked there and watched the buyers at work and they look at a lot of different sources for information. They check local and national auctions, Carmax lots and sales figures, etc. Frankly, I'm amazed at the above offer of 20k - I don't know what that buyer was smokin' unless that's a 2014 w/low miles in which case it's not a fair comparison.

At 17k mi you were higher than average on the mileage and when it comes to sports cars, extra mileage hits them harder than it does your typical Corolla or Civic, even if it's all highway commuting.

I know at one point a few months back we had two FR-S and a BRZ Limited (Listed at only $23k for the BRZ) and they sat on the lot for probably three weeks before being shipped off to other locations. Lots of lookie-loos, but few test-drives even.

It's going to hurt a bit longer, but eventually you'll be able to remember that you enjoyed owning the car while you did and when things turn around you'll be able to look at it again. In the meantime, you're not killing yourself for your car note.
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