volcomst0ne24 Posted January 12, 2006 Share Posted January 12, 2006 at what mileage is a safe but still get a decent amount of cash for a trade in on a 2005 subaru legacy limited N/A. i just basically got mine, im at 4400 miles, but im just curious. im thinkin in a couple years when i get to 60,000 that may be the time. anyone agree? Link to comment Share on other sites More sharing options...
Fallschirmjaeger Posted January 12, 2006 Share Posted January 12, 2006 Later part of the year when the Next Year's cars have just been announced... but only after your current car had been paid off and you've built up enough capital to pay cash. I only put 50% down, I needed four doors instead of a MX5 sports car. Link to comment Share on other sites More sharing options...
AWD-Turbo Posted January 12, 2006 Share Posted January 12, 2006 If you’re driving 30k miles/yr, drive it into the ground. For a Subaru, about 15 years or 450k miles. It sounds like you want to upgrade sooner than later though. The first few years of depreciation are the biggest chunks. Every day you own the car its worth less. I’d keep the car as a beater and buy some car just for fun. Link to comment Share on other sites More sharing options...
elarbee Posted January 12, 2006 Share Posted January 12, 2006 in australia the 'its still worth something point' is under 100,000km/60,000mi or before the next major model change comes out. it also depends if you've financed it. if you did, your break even point should be close to the end of the finance contract you agreed to ie 3.5 years on a 4 year contract. one of the reasons i bought an extended ( six years total ) warranty is to help with resale value, but i would be surprised if i just keep it and drive it into the ground. Link to comment Share on other sites More sharing options...
suba_rus Posted January 12, 2006 Share Posted January 12, 2006 I've been in car sales for 3 years end from what I’ve seen 3-4 years, no more than 60000 miles would be good time to get rid of it. Remember most of the depreciation happens in first 18 month. Link to comment Share on other sites More sharing options...
RangerMan Posted January 13, 2006 Share Posted January 13, 2006 I drive my cars into the ground...then ressurect them for another few months...then buy a new car. Generally I have found that the utility of already having a car outweighs selling it until it comes to the point that repair costs have equaled the cost of a new car payment. With the Legacy, I want to get 10 years out of it. I actually get pretty jealous of seeing people driving 10 year old cars when it is obvious that they are the sole owner of the car, have taken great care of it and probably haven't had car payments in the last 5-6 years. I must be getting old. My parents flip their cars about every 2 years. They usually break even. Link to comment Share on other sites More sharing options...
2Simpletons Posted January 13, 2006 Share Posted January 13, 2006 ^^^Yeah, it's takes 2-2.5 years to flip without getting hurt. And hopefully you do it before major maintenance - 60K, or brakes, etc. Link to comment Share on other sites More sharing options...
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