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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.
Posted on 3/16/14 at 1:44 am to guttata
upvote, with a vehicle with that many miles I would be shocked that a dealer or a 3rd party would give you what you are looking for a dealer would probably have to sale it at a auction. I had a jeep with similar miles and I just kept it instead drove it till about 225,000 miles.
Posted on 3/16/14 at 11:08 pm to Gorilla Ball
yea just keep it. those trucks go for over 200k miles easy. no reason to sell just because it has 100k miles.
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