Last post on May 19, 2013 at 1:46 PM
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Car Buying, Car Selling
#3104 of 3219 Re: Trade or sell a car? [timadams]
Jan 29, 2013 (4:31 pm)
My take on financial transactions such as this is very similar to yours. A move like this might be very satisfying in getting rid of a car you no longer like, but financially, it is hard to justify.
#3105 of 3219 Re: Trade or sell a car? [timadams]
Jan 30, 2013 (6:37 am)
Well, I bought the car in January, 2011, so my first payment was in March, 2011--meaning I've made 23 payments and not 24. No big deal. Either way, I'll probably ditch this plan, anyway. The 5 of us ride in the car maybe twice a month and I really do enjoy driving it--so my thinking out loud was probably all for naught, anyway.
#3106 of 3219 Re: Trade or sell a car? [uga91]
Jan 30, 2013 (7:41 am)
The Maxima would be vastly more fun to drive than a 4-cylinder sedan, for sure. If any of your kids are still in car seats, I can see why the back seat might be tight. But if they are old enough to forego car seats, then I would think the back seat would be fine for three kids. I used to have 5 people in my Maxima quite frequently, at least for short trips. Since you have a van already, that would be the family truckster, but that depends on whether the van is available when you need it.
I really didn't intend to lecture you or pass judgement. I was simply pointing out factors involved with depreciation, sales taxes, fees and car dealer profits all cost money for consumers. That's not to say everyone should drive their cars for 10 years or more - though that is clearly the way to minimize costs. Needs and desires change. But trading one sedan for another for modest gains in fuel costs and interior dimensions are hard to justify on a purely financial basis.
Good luck with whatever you decide.
#3107 of 3219 How much of a discount do you expect on a 2012 vs 2013 Prius right now?
Jan 31, 2013 (2:35 pm)
I can get a 2012 Toyota Prius Three with solar roof for $24,809 + TTL, or a 2013 Prius Three with solar roof for $25,944 + TTL. I'm inclined to get the 2012, since I plan to keep my car for awhile.
What do you think?
#3108 of 3219 Re: How much of a discount do you expect on a 2012 vs 2013 Prius right now? [beethovengirl]
by kirstie_h HOST
Jan 31, 2013 (3:04 pm)
For make/model-specific questions, you're probably better off posting in the Prices Paid discussion for that model. Here's the Prius Prices Paid discussion:
#3109 of 3219 Re: How much of a discount do you expect on a 2012 vs 2013 Prius right now? [beethovengirl]
Jan 31, 2013 (7:32 pm)
I'm inclined to get the 2012, since I plan to keep my car for awhile.
If you're keeping it for a long time, I'd choose the 2013.
Say you keep it 6 years, that's less (1135/6) than $200 extra a year. And remember, when you do get rid of it, you'll get a bit more for the 2013.
I'm not familiar with the Prius, but are there any changes/upgrades between the 2012 and 2013?
#3110 of 3219 Re: How much of a discount do you expect on a 2012 vs 2013 Prius right now? [verdugo]
Jan 31, 2013 (9:22 pm)
There are no changes in the 2013.
I'm planning on keeping it more than 6 years, and I'd think that the re-sale value difference will be less than $1100 in, say, 10 years...
#3111 of 3219 Re: How much of a discount do you expect on a 2012 vs 2013 Prius right now? [beethovengirl]
Feb 01, 2013 (7:28 am)
For what it is worth, in your position, I would buy the 2012, assuming you can get a fairly substantial discount over the 2013.
#3112 of 3219 Re: Trade or sell a car? [uga91]
Feb 05, 2013 (8:45 am)
timadams didn't give you a "lecture". He gave you solid advice and answers to the questions YOU asked!
#3113 of 3219 Re: Trade or sell a car? [isellhondas]
by kirstie_h HOST
Feb 05, 2013 (11:00 am)
Oh, I think we can let this go and just call it even. I can see why uga91 was offended by the suggestion that he took out a 72-month loan because he bought more car than he could afford. I probably would be too.
However, I can also see why the assumption was made, since most cases we see posted around here involving a longer-term loan are, indeed, cases in which the buyer couldn't otherwise afford the payment. Everyone seems to be at peace now, in any case.