Quote:
Originally Posted by Mt Tam I am
I have a 2009 370Z with 20,000 miles as of Sunday.
No way would I do this based on financial planning alone.
If you had a a base model Corvette and were trading it for a ZR1 then I'd say yes. But to trade a 370Z for a newer one with 30K fewer miles seems like a path to financial mediocrity while gaining very little.
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Depends on everything though!
I had a 09 WRX at like 6% interest, some negative from a trade in and a $509 payment. Car had 36,000 miles of 330hp 360tq.
I traded for 11 WRX, 2.9%, $413 payment, zero miles, new motor, new tranny, wide body kit, zero negative, and all parts converted over. Just for the 09 I paid $23,000 and traded it for $20,500 two years later plus the $1300 saved in tax savings.
I 100% would trade an old car in for a new one! specially if it doesn't cost much. Let's say its only a few grand to trade...where you gonna find a brand new motor for your old car for a few grand!!?? Plus a brand new tranny, clutch, flywheel, tires, rims, new paint job, etc etc. to make an old car look new and have new things you'd spend $20,000 easy.
And with the $3600 14 price drop the switch should cost zero outta pocket! Its a no brainer.