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May start buying new ever three yrs
Well I'm at a point where I can afford what I want, I'm thinking of buying a new Lariat and just trading every three yrs to keep it on warranty I've always pretty much driven used stuff and ran them 200k before getting rid of them While replacing the tranny lines on my 2000 car with 200k on it I got thinking my hands are getting cut up I'm laying on my back in the cold,,,,,why I'll probably never spend what I've saved and I'm almost 60 now I wonder if I bought outright for cash then traded every 3 yrs what that would cst |
If you can afford it and its what you want, go for it. Is it gonna cost a lot more for you to ride than it has in the past? Sure. If you have more money than you can spend, why not?
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It would cost a whole lot more than buying an extended bumper to bumper warranty. But to each his own.
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Might as well lease. |
If you have the funds and want to trade for a new vehicle every three years then do it. I see no problem with that, you have worked all your life and now is the time to enjoy the fruits of your labor. If it reaches a point in your life where you can afford what you want then you don't need to justify what you are spending your money on, do what makes you happy. The only one you have to please is yourself.
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Lease would kill me too many miles, warranty doesn't cover rusted brake lines etc which in NY is always happening,,,,just wonder what cost would be, would it cost me 7k every 3 yrs ??? |
I would say that if you're wondering what the cost would be you need to spend some time educating yourself.
In the first 3 years a vehicle takes a huge depreciation hit. You can lookup values on various sites, conservatively I'd say you'd be at 60 - 70% of original value. But your high mileage that you noted will dent that. If you utilize X-Plan, you'd know the price you'd be getting in for each time, and simply lay out the math. I would expect $7,000 is way off, it'd be more like that per year. But I haven't run the numbers. |
On average you lose 19% in the 1st year. On a 60k vehicle that's 11.4k - the first year.
The market changes so sometimes you can get ~1-2% financed - sometimes the lease deals are really good. Paying cash is silly, you can make more than 2% on your money if invested so you'd be throwing money away AND losing money on depreciation. Just keep a pulse on current incentives and establish a relationship with a dealer and you'll be able to keep the true cost relatively low. |
"Lease would kill me, too many miles", but earlier you told us you had more money than you can spend. So which is it?
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Well first off that's not what I said, second, I guess you just need to THINK a minute before Adkin THAT question,,, |
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