What are your plans for when the car is paid off? - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Kerune · 03-30-2016, 07:51 PM

This thread is not about loan equity, auto loan as an investment, etc - but more focused on what people plan on doing after their loan. This will be my first new car that I plan on holding onto for the whole loan term (4ish years), and if I plan on buying another car I will ideally have this car's value considered.

Since the depreciation from year 1-3 are the worst I'll probably ride years 4-6 with no payments and save more before another purchase. Hopefully it's not wishful thinking to see this car valued at 10k+ at 6 years old and another 10k down to shift my shopping closer to a used RC-F or see what's new again.

Anyone else? Reason I ask is I'm always curious when people decide to switch between cars and why, after some looking at #s today I was surprised at the trade-in values of these cars after 1 year and wondered what people plan on doing with that considered.

jawn · 03-30-2016, 07:57 PM

I've only traded cars after I've paid the loan off. Not on any moral or financial grounds, really. It just seems silly to eat the brunt of the depreciation in the first couple of years just to trade into another loan.

SleepingPanda · 03-30-2016, 08:03 PM

LSx swap

NLSP · 03-30-2016, 08:11 PM

Keep it and maintain it for as long as possible

shiumai · 03-30-2016, 08:18 PM

Quote:

Originally Posted by NLSP

Keep it and maintain it for as long as possible

this. I bought my car cash.

Flo · 03-30-2016, 08:54 PM

Ideally I would keep it and turn it into a dedicated track car.

krayzie · 03-30-2016, 08:59 PM

Quote:

Originally Posted by NLSP

Keep it and maintain it for as long as possible

^^^^ THIS ^^^^

Old world values which most people have now forgotten.

x1UP · 03-30-2016, 09:43 PM

Keep it forever. Sometimes, in my opinion, I don't understand how people can let go of their car after caring for it for multiple years! It's like a family member!

Tcoat · 03-30-2016, 09:51 PM

Buy a new one and start all over again. What that new one will be remains to be seen and will be based upon what is out there at that point.
Oh, and before everybody jumps on me with "keep it" it is important to note that it will have about 300,000 miles on it. But... since I get paid mileage the car is technically paid for in a little over a year and a half without touching my actual income.

Mr.ac · 03-30-2016, 09:53 PM

Well in my case, I'll sell it for something with more power and back seats. Maybe a decent comfortable sedan, and a motorcycle. Who knows?

I already have my MR2 turbo as a weekend/track car. It's lighter and has more power than my BRZ so no complaints there.

Flo · 03-30-2016, 10:10 PM

Quote:

Originally Posted by Tcoat

Buy a new one and start all over again. What that new one will be remains to be seen and will be based upon what is out there at that point.
Oh, and before everybody jumps on me with "keep it" it is important to note that it will have about 300,000 miles on it. But... since I get paid mileage the car is technically paid for in a little over a year and a half without touching my actual income.

Honestly doing this many miles I would want a more comfortable/quiet car.

I drive about 7000 miles a year so I can deal with some roughness around the edges but I'm not sure how you do it.

Tcoat · 03-30-2016, 10:14 PM

Quote:

Originally Posted by Flo

Honestly doing this many miles I would want a more comfortable/quiet car.

I drive about 7000 miles a year so I can deal with some roughness around the edges but I'm not sure how you do it.

I love it and find it very comfortable and I got used to the noise. Oh, and mine is lowered and has TRD catback so it is even rougher and louder than stock!

whataboutbob · 03-30-2016, 10:19 PM

Buy a truck and trailer and stop paying for the street registration on it. #becauseracecar

x1UP · 03-30-2016, 10:21 PM

I actually love the ride quality in this car. It might just be me and a few select people, but I find it very exhilarating.

03-30-2016, 07:51 PM	#1
Kerune Senior Member Join Date: Mar 2015 Drives: Lexus RC-F Location: Bay Area, CA Posts: 220 Thanks: 38 Thanked 48 Times in 39 Posts Mentioned: 6 Post(s) Tagged: 0 Thread(s)	What are your plans for when the car is paid off? This thread is not about loan equity, auto loan as an investment, etc - but more focused on what people plan on doing after their loan. This will be my first new car that I plan on holding onto for the whole loan term (4ish years), and if I plan on buying another car I will ideally have this car's value considered. Since the depreciation from year 1-3 are the worst I'll probably ride years 4-6 with no payments and save more before another purchase. Hopefully it's not wishful thinking to see this car valued at 10k+ at 6 years old and another 10k down to shift my shopping closer to a used RC-F or see what's new again. Anyone else? Reason I ask is I'm always curious when people decide to switch between cars and why, after some looking at #s today I was surprised at the trade-in values of these cars after 1 year and wondered what people plan on doing with that considered.

03-30-2016, 09:43 PM	#8
x1UP One & Done (AOZORA) Join Date: Jun 2014 Drives: '15 Series.Blue BRZ (WRB) Location: New York City Posts: 932 Thanks: 340 Thanked 217 Times in 160 Posts Mentioned: 4 Post(s) Tagged: 0 Thread(s)	Keep it forever. Sometimes, in my opinion, I don't understand how people can let go of their car after caring for it for multiple years! It's like a family member! __________________ "I have the need....the need for speed! - Maverick (Top Gun)

03-30-2016, 09:51 PM	#9
Tcoat Senior Member Join Date: Jul 2014 Drives: 2020 Hakone Location: London, Ont Posts: 69,845 Thanks: 61,656 Thanked 108,283 Times in 46,456 Posts Mentioned: 2495 Post(s) Tagged: 50 Thread(s)	Buy a new one and start all over again. What that new one will be remains to be seen and will be based upon what is out there at that point. Oh, and before everybody jumps on me with "keep it" it is important to note that it will have about 300,000 miles on it. But... since I get paid mileage the car is technically paid for in a little over a year and a half without touching my actual income. __________________ Racecar spelled backwards is Racecar, because Racecar.

03-30-2016, 09:53 PM	#10
Mr.ac [insert cool phrase here] Join Date: Aug 2015 Drives: BRZ Premium Location: Central Coast CA Posts: 2,369 Thanks: 709 Thanked 1,558 Times in 930 Posts Mentioned: 30 Post(s) Tagged: 0 Thread(s)	Well in my case, I'll sell it for something with more power and back seats. Maybe a decent comfortable sedan, and a motorcycle. Who knows? I already have my MR2 turbo as a weekend/track car. It's lighter and has more power than my BRZ so no complaints there. __________________ New daily driver - Subaru BRZ Premium Weekend fun/track car - '91 MR2 Turbo Gen3 Old daily driver - '88 MR2 Supercharged

03-30-2016, 10:21 PM	#14
x1UP One & Done (AOZORA) Join Date: Jun 2014 Drives: '15 Series.Blue BRZ (WRB) Location: New York City Posts: 932 Thanks: 340 Thanked 217 Times in 160 Posts Mentioned: 4 Post(s) Tagged: 0 Thread(s)	I actually love the ride quality in this car. It might just be me and a few select people, but I find it very exhilarating. __________________ "I have the need....the need for speed! - Maverick (Top Gun)

03-30-2016, 07:57 PM	#2
jawn Senior Member Join Date: Jun 2015 Drives: 2015 CWP BRZ Limited Location: NOVA Posts: 2,800 Thanks: 1,801 Thanked 3,946 Times in 1,757 Posts Mentioned: 105 Post(s) Tagged: 7 Thread(s)	I've only traded cars after I've paid the loan off. Not on any moral or financial grounds, really. It just seems silly to eat the brunt of the depreciation in the first couple of years just to trade into another loan.

03-30-2016, 08:03 PM	#3
SleepingPanda Senior Member Join Date: Dec 2015 Drives: 2016 BRZ Hyper.Blue Location: Beverly MA Posts: 113 Thanks: 59 Thanked 131 Times in 47 Posts Mentioned: 4 Post(s) Tagged: 2 Thread(s)	LSx swap

03-30-2016, 08:11 PM	#4
NLSP Senior Member Join Date: Dec 2013 Drives: 2014 Ultramarine FR-S Location: Vancouver, BC Posts: 517 Thanks: 414 Thanked 543 Times in 244 Posts Mentioned: 2 Post(s) Tagged: 0 Thread(s)	Keep it and maintain it for as long as possible

03-30-2016, 08:54 PM	#6
Flo Member Join Date: Mar 2014 Drives: BRZ? Location: St. Louis Posts: 38 Thanks: 1 Thanked 10 Times in 6 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Ideally I would keep it and turn it into a dedicated track car.

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