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used car buying advice
Posted on 3/15/14 at 7:07 pm
Posted on 3/15/14 at 7:07 pm
My suburban is an 07 and just hit 100k miles. It is paid off in October 2015. I got a good deal on it and bluebook on it right now is around 12k. I owe 8k on it. With the new body coming out now, I figured I could find some 2010/11s with 50k to 60k miles on them. I thought if I could lower my note or stay about the same now would be the time to make a move with the equity I have in the current car...or should I wait to just pay it off?
Not sure what the better route to go would be.
Not sure what the better route to go would be.
This post was edited on 3/15/14 at 7:09 pm
1
Posted on 3/15/14 at 10:00 pm to mandevilletiger34
I would keep it. The depreciation is going to be that much more, now that the vehicle is over 5 yrs old. Unless you just enjoy having a vehicle note, I would get the thing paid off and drive it till it starts having major issues.
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