Quote:
Originally Posted by ImportConvert
I am curious, how much of a hit do you take doing that? I used to sell cars for a living and short-traders always took a massive hit, and got more and more upside down in their cars, until they rolled around in a $25K used Neon.
I doubt you do dumb stuff like that, and figure you either pay cash, or have a large downpayment/trade equity, but how does that work out trading every year or two? Does it save money or even break-even, when you consider that you don't need to replace tires, etc?
Your past posts indicate that you traded for the GT because you missed having low-end torque and found the Z a bit mundane in the power department. Did I interpret them wrong?
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If you put enough cash down it usually ends up working out as if you had leased the car. Doing the math in my head, monthly ownership cost for the 19 months I had it was only about $500. Not bad at all. Of course if I had actually financed a significant portion it wouldn't work out like that, but in my case it did.
As for swapping for a brand new car every couple of years... as long as you keep putting cash down it's not bad. It's even better if you buy a car that's a couple of years into it's depreciation cycle. I have a feeling this one will stay longer as a project, though. Anything else is going to be in addition too (probably a P-car). To be honest, I don't really factor in tires/mods/maintenance because that just all falls into the "discretionary" portion of my budget as it's all for fun or for the purpose of maintaining fun.
As for why I chose the GT... missing the torque of a V8 was definitely one of the reasons I chose the GT, but not necessarily why I chose to ditch the Z. I felt like I got a lot out of it in 19 months and wanted to move on to something new.
