Quote:
Originally Posted by Tcoat
With my mileage, debris dings, dirty engine, worn driver seat and unpopular colour I probably wold be lucky to get $7K for it.
But I don't care because:
I bought it to drive damnit. I am not saving it for the next guy.
I fully understand the concept that buying a new car is not an investment but actually a depreciating asset.
I do not expect to buy things at the very bottom dollar and sell them for the very top.
If trading in I appreciate that the dealer has to make some money on it somehow so don't expect retail used car value.
There are 4 model years released after mine, each with incremental improvements so why would I expect mine to be the same value?
If I were forced by circumstances to sell quickly I would know that is going to cost me sice the lower the price the faster it would go.
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All of this....
In over 40 years of car ownership, I have only ever sold 1 car that was worth more than $2,000 when I was done with it.
This is why as much as I would love to have a couple of classic cars it would be financially irresponsible for me to own them. If I own it, I'm going to drive it.