Depreciation: Dump 2015 now or wait?
#1
Depreciation: Dump 2015 now or wait?
I'll start by saying I'm not satisfied with the 2015 Lariat I bought. Cooling seat issues, unconformable headrest that causes back and neck pain, heated steering wheel that turns off on its own, wind noise, and no Sync 3 make me regret my purchase. I was looking at how much I can get from trade-in and I'm very close to break even (not even 9,000 in the 10 months I've had it). I'm ok with driving a $3,000 car indefinitely.
My question is, if I keep it until these issues are fixed (specially the seat!) and the 10-speed transmission is added, would it depreciation worsen? Like, if I kept it until 2017, would the availability of used 2016s make my 2015 worth less and/or depretiate faster so I wouldn't break even for trading it in in the future?
My question is, if I keep it until these issues are fixed (specially the seat!) and the 10-speed transmission is added, would it depreciation worsen? Like, if I kept it until 2017, would the availability of used 2016s make my 2015 worth less and/or depretiate faster so I wouldn't break even for trading it in in the future?
#3
#5
Senior Member
The question is - are you break even from what you owe, or what you paid? Those can be 2 very different things.
#6
Senior Member
#7
Senior Member
If you genuinely dislike it and can get out without financial harm, go for it. But if you're holding out for a free-from-defect vehicle, it might be a longer wait. Who knows when the A/C issue will be fully resolved, but you can bet they're going to have some kinks to work out on the first edition of the 10-speed. Do you want to find yourself enjoying Sync3 but hating the fact that your truck has something else wrong with it?
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#8
The reason not to dump right now it is that there's not a new[er] vehicle I'm interested in. The only reason to dump it right this instant would be that as used 2016s start popping-up, the 2015s price would plummet, and I would not longer break even selling it for the same $$$ as what I still owe on it.
#9
#10
Sync 3 is why I worry that the 2015s won't keep up their resell value when used 2016 start popping up. It's like the only difference since since the issues I mentioned are still around in the 2016s. Why would anyone buy outdated software with 10,000 more miles other than a low price?