marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,518
I'd like to ping the collective wisdom of the forum here.
Broadly, my question is whether trading in vs keeping a car is "actuarily neutral".
I have a 2009 Mercedes that I bought in 2011 as a Certified Preowned for ~$35K. My original plan was to trade it in in two years as it neared the end of the warranty. It is still on the original 5 year warr.
My idea was to get another 2 yr old CPO car using a good trade in value of the old one and always have a car under warranty. (repairs on these cars is $$$)
Now I'm wondering if I should keep it longer.
But my real question is..."does it matter?" financially...as time goes on the value (trade in) goes down and down, and it is out of warranty and eventually you have to come up with big bucks again to get a new one.
Am I better putting up ~$5K every two years for new CPO?
Again, the question is not reallly about 'running it into the ground' but more about is it a financially neutral proposition no matter what you do?
Broadly, my question is whether trading in vs keeping a car is "actuarily neutral".
I have a 2009 Mercedes that I bought in 2011 as a Certified Preowned for ~$35K. My original plan was to trade it in in two years as it neared the end of the warranty. It is still on the original 5 year warr.
My idea was to get another 2 yr old CPO car using a good trade in value of the old one and always have a car under warranty. (repairs on these cars is $$$)
Now I'm wondering if I should keep it longer.
But my real question is..."does it matter?" financially...as time goes on the value (trade in) goes down and down, and it is out of warranty and eventually you have to come up with big bucks again to get a new one.
Am I better putting up ~$5K every two years for new CPO?
Again, the question is not reallly about 'running it into the ground' but more about is it a financially neutral proposition no matter what you do?
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