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Started By
Message
re: When do you trade in your vehicles?
Posted on 3/3/21 at 6:55 pm to SECSolomonGrundy
Posted on 3/3/21 at 6:55 pm to SECSolomonGrundy
After 200,000 miles. I just traded my 2012 Yukon XL in on a 2021 Tahoe Z71.
My wife has a 2011 Acura MDX with 208,000 miles. We will likely replace it next year.
My wife has a 2011 Acura MDX with 208,000 miles. We will likely replace it next year.
This post was edited on 3/3/21 at 6:58 pm
0
Posted on 3/3/21 at 6:57 pm to Slingscode
quote:
When the wheels fall off.
Seriously, I keep my vehicles 5-10 years.
Dodges I guess
Posted on 3/3/21 at 7:38 pm to kywildcatfanone
(no message)
This post was edited on 9/26/21 at 4:27 pm
Posted on 3/3/21 at 7:56 pm to LSUBoo
quote:
become more expensive to fix than it was worth.
Usually the answer here. But if it’s a well maintained Toyota/Honda/domestic truck that you’ve owned the whole time and know the services records, it may not be the case these days.
Posted on 3/3/21 at 8:50 pm to Fat and Happy
quote:
Problem is that when you keep a vehicle to like 150,000 the vehicle isn’t worth anything.
People like to believe their vehicle is but that’s just emotional value and not realistic value.
Very few people want your 8-10 year POS vehicle.
Lets look at it like this:
15year period 3 cars $50K = $150 K
3 trades worth $10K each = -$30 K
Total $120 K
15year period 2 cars $50 K = $100K
POS trade in value $0.00
Maybe $2K to $5K if something awful happens
Total $105K
Unless you just like rolling new whips, live your life playa, its better to keep it with no note.
Posted on 3/3/21 at 9:02 pm to LT
quote:
Unless you just like rolling new whips,
I do. But honestly I like the front end on my 2015 F150 XLT better than the front end of any of the newer models.
Posted on 3/3/21 at 10:11 pm to Grievous Angel
quote:
And you really hate money.
It's not really that bad. I typically buy a ~$40k truck (full size, 4x4, crew cab, mid grade interior like LT, Bighorn, XLT, SR5). These trucks are easy to get in and out of and are always in demand. At the end of 3 years, I typically get ~$25-$28k on a trade, then drop $12k and roll out in a brand new truck. $4k a year isn't a big deal. Now if I was buying $80k F250s every 3 years, that might hurt a little more.
Posted on 3/4/21 at 2:27 am to SECSolomonGrundy
quote:
When do you trade in your vehicles?
When the costs and frequency of repairs surpasses what is reasonable based on the value of the vehicle. Just traded in my Tahoe with 200k miles as small things were going wrong every 3-4 months. Paying $3-500 bucks each time got old, annoying, and was no longer cost efficient. Got 5 grand for it on a trade and was happy to be done with it and in a newer Tahoe with 3 years of bumper to bumper warranty left. I’ve driven my last two to around that 200k mile mark. That seems to be the area where things start breaking. I don’t know how to fix cars myself, so it’s financially impractical for me to keep a car just for the sake of keeping it
I also have a kid on the way and drive a fair amount for work. I can’t afford to break down randomly.
This post was edited on 3/4/21 at 8:55 am
Posted on 3/4/21 at 2:32 am to deltaland
quote:
Trade in when current truck value gets down round 10k, drop another 5-10k in down payment and finance 20-25k for a 1 year old used fully loaded truck.
What fully loaded 1 year old truck are you getting these days for $30-35k? Not many out there anymore
Posted on 3/4/21 at 2:35 am to LSUFanHouston
quote:
I never understood how people can say "oh I think a big repair is coming up" and still get value on the car. Wouldn't the dealership be able to tell it needs repairs as well?
Dealerships don’t pay the same labor costs you do to fix cars they buy from other people. They also get parts at cost.
Posted on 3/4/21 at 10:53 am to Hickok
quote:
317k on my f150
Pretty strong numbers. What year?
Posted on 3/4/21 at 3:37 pm to SECSolomonGrundy
When the cost of a repair exceeds the loan value.
Posted on 3/4/21 at 10:33 pm to SECSolomonGrundy
quote:I have a 2011 F 150 3.5 ecoboost w/ 180,000 miles. No major issues yet but did have to spend ~ $1k on a transmission sensor issue & ~ $1k on replacing the coolant reservoir & related parts. Don’t pull anything & most of the miles are from highway trips pre retirement. I’ll sell. donate or give it to one of the kids when they put me in the old folks home.
I've got about 82k on the F150, I say it's time to trade it in. I've got the 3.5 ecoboost
What say the OT?
Just replaced a 2005 Toyota Avalon w/ 202,00 miles w/ a 2020 Avalon. We only did that because we wanted a new vehicle w/ modern safety features for long road trips.
Posted on 3/5/21 at 7:13 am to SECSolomonGrundy
When they are no longer useful and I actually need a new one.
Posted on 3/5/21 at 7:17 am to Slingscode
I have 235k on my 08 Altima and was going to drive it another 100, but the AC went out last month and im in TX.
I figure i have 30 days max to sweat it out. I just cant justify putting 2k into it.
Car is a beast. Drives like the day i bought it
I figure i have 30 days max to sweat it out. I just cant justify putting 2k into it.
Car is a beast. Drives like the day i bought it
Posted on 3/5/21 at 7:24 am to SECSolomonGrundy
I traded in my MINI once to buy another MINI. Every other vehicle I've sold or given away.
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