Anyone Buy cars and hold less than 5 years?
05-18-2015, 01:34 PM
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It depends on your perspective.
I had a 3 Series BMW that I had for 4 years and sold for $10K less than what I bought it for. That's around $200 per month for driving a new BMW.
My last A4 I sold after 4 years for around $14K less, or $300 per month. I could have gotten more, but I was rear-ended which reduced my sale due to Carfax. I did get a "diminishment of value" settlement from the other person's insurance company which brings the cost down to around $200 per month.
Also keep in mind that during these 4 years there was no extraordinary service , not even brakes.
I like driving a new / late model car, so for me $200 to $300 per month is just the cost of having a car. You can't lease much for that amount of money.
I had a 3 Series BMW that I had for 4 years and sold for $10K less than what I bought it for. That's around $200 per month for driving a new BMW.
My last A4 I sold after 4 years for around $14K less, or $300 per month. I could have gotten more, but I was rear-ended which reduced my sale due to Carfax. I did get a "diminishment of value" settlement from the other person's insurance company which brings the cost down to around $200 per month.
Also keep in mind that during these 4 years there was no extraordinary service , not even brakes.
I like driving a new / late model car, so for me $200 to $300 per month is just the cost of having a car. You can't lease much for that amount of money.
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