FIND
Explorer Addict
- Joined
- December 27, 2009
- Messages
- 3,859
- Reaction score
- 17
- City, State
- Vermillion, SD
- Year, Model & Trim Level
- 99 XLT V8 AWD
Most people aren't going to be able to buy a car and then sell it for a profit... What about the cost to repair things that made the car worth more than when you bought it? How about the cost of registration and the new title and plates?
Also, one thing to always consider when selling a vehicle in favor of another. You know what is wrong and what is right with the one you have. When you buy another used car to replace it, you don't. Sometimes you will find problems that develop soon after you buy it, but weren't apparent when you inspected it. Also, you can't always be sure about the maintenance history, especially when you are buying a car old enough to be in the $2000 range...
I see so many people wasting a lot of money by replacing cars that have problems with another that has as many or more problems... Then they fix the new one they got because they will lose money selling it and won't be able to get something as good, plus there is the feel that you have to fix this thing you just spent a bunch of money on.
I mean, I know in this case it is selling a free vehicle in favor of a vehicle that he would buy with the money from the previous sale, but still... One should always consider the possibilities and not be rash.
Also, I tried that calculator with the same conditions you used 2TimingTom, and I could only get it to say not to upgrade when I said my original vehicle got more than 30mpg compared to the 75mpg vehicle... which makes sense, since the difference in yearly fuel costs would be only 500 bucks... The calculator makes certain assumptions of course, and one of the biggest assumption would be that if it takes several years to pay off the difference in price, you will probably end up replacing it before it pays for itself. Of course, there is something to be said for if you can make some or all of that purchase price back in the sale of your old vehicle.
Also, one thing to always consider when selling a vehicle in favor of another. You know what is wrong and what is right with the one you have. When you buy another used car to replace it, you don't. Sometimes you will find problems that develop soon after you buy it, but weren't apparent when you inspected it. Also, you can't always be sure about the maintenance history, especially when you are buying a car old enough to be in the $2000 range...
I see so many people wasting a lot of money by replacing cars that have problems with another that has as many or more problems... Then they fix the new one they got because they will lose money selling it and won't be able to get something as good, plus there is the feel that you have to fix this thing you just spent a bunch of money on.
I mean, I know in this case it is selling a free vehicle in favor of a vehicle that he would buy with the money from the previous sale, but still... One should always consider the possibilities and not be rash.
Also, I tried that calculator with the same conditions you used 2TimingTom, and I could only get it to say not to upgrade when I said my original vehicle got more than 30mpg compared to the 75mpg vehicle... which makes sense, since the difference in yearly fuel costs would be only 500 bucks... The calculator makes certain assumptions of course, and one of the biggest assumption would be that if it takes several years to pay off the difference in price, you will probably end up replacing it before it pays for itself. Of course, there is something to be said for if you can make some or all of that purchase price back in the sale of your old vehicle.