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When is the right time to trade in a vehicle?
Posted on 4/5/25 at 4:27 pm
Posted on 4/5/25 at 4:27 pm
I've had this vehicle for 7 years, and it has paid off for 5 years. I recently replaced the starter and engine coil. It has less than 120k miles and no body or internal damage.
My goal has been to get to 150k miles as I've never owned a vehicle with that amount of mileage, and I'd like to get another year or two out of the vehicle.
So, should I do it now before tariffs become a big issue, or should I hold onto it if I can get another year?
My goal has been to get to 150k miles as I've never owned a vehicle with that amount of mileage, and I'd like to get another year or two out of the vehicle.
So, should I do it now before tariffs become a big issue, or should I hold onto it if I can get another year?
24
Posted on 4/5/25 at 4:28 pm to Skenes
150K is nothing nowadays. What make?
Posted on 4/5/25 at 4:30 pm to Skenes
quote:I knew the Pirates organization was garbage, but damn man I didn't think they would do you like that!
Skenes
Also, thanks for 2023.
Posted on 4/5/25 at 4:30 pm to Skenes
quote:About 3:50 pm
When is the right time to trade in a vehicle?
Duh
Posted on 4/5/25 at 4:30 pm to Skenes
If it's a vehicle with a GM transmission, around 80k miles.
Posted on 4/5/25 at 4:31 pm to Skenes
quote:I always buy a new car when my existing car starts requiring repairs.
When is the right time to trade in a vehicle?
Posted on 4/5/25 at 4:35 pm to Ricardo
quote:
If it's a vehicle with a GM transmission, around 80k miles.
Or a Ford. Hell, anything American.
Posted on 4/5/25 at 4:36 pm to KajunLass
I have 2013 Silverado with 160,000 miles. I’m going to run it til the wheels fall off
Posted on 4/5/25 at 4:36 pm to Skenes
When you’re tired of it or bored with it.
Posted on 4/5/25 at 4:36 pm to Skenes
Monetarily? Probably never. It’s generally going to be cheaper to repair your car than get a new one. Even a $5000 dollar repair is cheaper than even a year of payments on most cars. I got rid of my last truck when it had 260k miles and needed a $4,000 dollar repair. Financially it made sense to repair, but frick that truck. I wanted a new one after 14 years.
Posted on 4/5/25 at 4:46 pm to KajunLass
quote:
Or a Ford. Hell, anything American.
This is the kiss of death, but I’m at 292k on a 2019 F150 5.0… Shifts a little rough, and the typical Ford lifter tick is getting louder by the day, but I’ve made it this far. Have had some maintenance done, but nothing replaced…. I don’t see me making it to 325,000-350,000 though.
Next truck will probably sling a rod pulling out of the dealership.
Posted on 4/5/25 at 4:46 pm to Ricardo
quote:
If it's a vehicle with a GM transmission, around 80k miles.
2016 Z71 here. Tranny went out at 87000 miles. Now I’m at 212000, gonna ride it till the wheels fall off.
Posted on 4/5/25 at 4:52 pm to Skenes
I would drive it a lot longer. Starter and engine coil aren't big repairs.
Assuming it runs fine, rides well, and doesn't present any other issues why drop money into a different sinking asset?
Tariffs won't have pricing impact after everything gets worked out over the next 12 months.
Assuming it runs fine, rides well, and doesn't present any other issues why drop money into a different sinking asset?
Tariffs won't have pricing impact after everything gets worked out over the next 12 months.
Posted on 4/5/25 at 4:55 pm to Skenes
quote:
So, should I do it now before tariffs become a big issue, or should I hold onto it if I can get another year?
why don't you and Livvy talk it over? I'm sure you'll come up with a good solution
Posted on 4/5/25 at 4:55 pm to Mid Iowa Tiger
quote:
Tariffs won't have pricing impact after everything gets worked out over the next 12 months.
This, but more like 24 months for the impact to die down for most makes and models. The industry has been in the tariff-dodging business for a century worldwide. US tariffs are just something new to dodge. Most will be dodged by doing what we want, which is building plants here. Some, maybe even most of the tariffs, will simply go away because they are negotiation leverage.
Posted on 4/5/25 at 4:59 pm to Skenes
Have 225,000 on mine and not even thinking about it. Now is time to pump all the money you can into the market and not into a depreciating asset.
I would not let the tariff thing affect your decision. That’s going to blow over here pretty quick.
I would not let the tariff thing affect your decision. That’s going to blow over here pretty quick.
This post was edited on 4/5/25 at 5:01 pm
Posted on 4/5/25 at 5:10 pm to Skenes
quote:
So, should I do it now before tariffs become a big issue, or should I hold onto it if I can get another year?
I think the reputation of car salesmen have made almost the entire population paranoid about getting a new vehicle, everyone thinks they have to have top dollar for their trade in and bottom dollar for the new vehicle, with this and that thrown in, and that's fine but really an over thinking of the process and generally a waste of time, when I think I'm ready for a new vehicle I pick one out that I like, if I've got an offer that I'm happy with I take it, if not, move on
Posted on 4/5/25 at 5:16 pm to Dawgfanman
quote:
Even a $5000 dollar repair is cheaper than even a year of payments on most cars.
Yeah you can pay that in taxes alone on a new one, plus interest on the loan is another expense which makes keeping one as long as possible the best option
Posted on 4/5/25 at 5:18 pm to prostyleoffensetime
We have a 1999 f250 that has more than 250,000 miles .. it could be 300k. It’s purely farm truck at this point but it’s still kicking.
Posted on 4/5/25 at 5:21 pm to Skenes
quote:When a big flashing wrench takes over you dash telling you to go to the dealer before you suffer, and I quote..... "a critical powertrain failure"
When is the right time to trade in a vehicle?
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