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Car Buying/Sales
Posted on 5/26/22 at 12:59 pm
Posted on 5/26/22 at 12:59 pm
Coming to this board for some advice, take it easy on me 
Things to consider:
I work 100% remote
Live downtown
Can order groceries online
Right now I have a quote from the dealership to buy back my 2019 car for about 5k less than what I paid for it new in 2019. My thinking is: why not sell it now? Go car less for a month or two and see if a recession really takes hold. I’d have to assume car buying would significantly slow down even with a shortage of inventory thus bringing car prices down a good bit again. Or is that just wishful thinking?
Things to consider:
I work 100% remote
Live downtown
Can order groceries online
Right now I have a quote from the dealership to buy back my 2019 car for about 5k less than what I paid for it new in 2019. My thinking is: why not sell it now? Go car less for a month or two and see if a recession really takes hold. I’d have to assume car buying would significantly slow down even with a shortage of inventory thus bringing car prices down a good bit again. Or is that just wishful thinking?
Posted on 5/26/22 at 1:05 pm to UnluckyTiger
Not a horrible idea, but it could be several months before we really see in changes in the car prices.
Posted on 5/26/22 at 1:16 pm to UnluckyTiger
I'd go one week completely car-free and see if you like it. If it seems doable, sell, but if it's too much of a stretch at least you found out before selling the car
Posted on 5/26/22 at 1:18 pm to UnluckyTiger
I'm not sure if a recession happens that fast, however i had an audi ordered from driveway and they sold it out from under me, which was a blessing in disguise. Used car market is still ridiculous, but i'm seeing prices drop... at least for what i'm shopping for.
Posted on 5/26/22 at 1:26 pm to UnluckyTiger
Don’t forget when you buy another car you will have to pay all sales tax again
Posted on 5/26/22 at 1:28 pm to UnluckyTiger
How much money they offering for the car?
Do you owe on it?
Do you own a bycicle?
Do you owe on it?
Do you own a bycicle?
Posted on 5/26/22 at 1:40 pm to Double Oh
Own it, 50k. Don’t own a bike but been looking at some Specialized. Could get a golf cart to ride around in too. Maybe sprinkle some of that on Apple, MSFT, EXAS etc
The fact Im not getting laughed off the board early is a good sign and makes me believe more in my plan.
Maybe sprinkle some of that on Apple, MSFT, EXAS etc The fact Im not getting laughed off the board early is a good sign and makes me believe more in my plan.
This post was edited on 5/26/22 at 1:45 pm
Posted on 5/26/22 at 1:52 pm to UnluckyTiger
quote:
Own it, 50k. Don’t own a bike but been looking at some Specialized. Could get a golf cart to ride around in too. Maybe sprinkle some of that on Apple, MSFT, EXAS etc
The fact Im not getting laughed off the board early is a good sign and makes me believe more in my plan.
Are u married? Kids? If not then im selling the car and buying a moped or bycicle
Posted on 5/26/22 at 1:55 pm to Double Oh
Nope, no family yet. Just me and my dog.
Posted on 5/26/22 at 2:04 pm to UnluckyTiger
You can take a lot of Ubers with your car insurance savings alone. Not to mention a rental if you ever needed it. If it was just me, I wouldn't hesitate
Posted on 5/26/22 at 2:49 pm to UnluckyTiger
How secure is your job? What if you are laid off and your other job is not remote and/or at a location where walking to work isn't an option?
Posted on 5/26/22 at 3:12 pm to texn
quote:
How secure is your job? What if you are laid off and your other job is not remote and/or at a location where walking to work isn't an option?
Well then he goes and buys a 20K vehicle and pockets the other 30K
Posted on 5/26/22 at 3:24 pm to UnluckyTiger
I rather have a 22k civic in driveway than no 50k car in driveway.
Posted on 5/30/22 at 6:19 am to UnluckyTiger
quote:
Right now I have a quote from the dealership to buy back my 2019 car for about 5k less than what I paid for it new in 2019.
You could probably do better if that's their first offer.
Posted on 5/30/22 at 6:53 am to UnluckyTiger
quote:
Right now I have a quote from the dealership to buy back my 2019 car for about 5k less than what I paid for it new in 2019
Probably do better with Carvana or CarMax
Posted on 5/30/22 at 8:01 am to UnluckyTiger
quote:
my dog.
How will you bring your dog to the vet?
Posted on 5/30/22 at 8:40 pm to UnluckyTiger
(no message)
This post was edited on 8/26/22 at 3:44 pm
Posted on 5/30/22 at 9:14 pm to kengel2
Definitely like the idea of doing your absolute best to not use the car at all for a week. If all goes well, then try doing 2 weeks. If it's still good, I wouldn't use it till being "carless" really puts you in a bind. Then evaluate.
Posted on 5/31/22 at 10:58 am to UnluckyTiger
Sell car. Get a scooter or Segway. Profit either way!
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