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Old 01-05-2021, 11:11 AM   #5401
blue-sun
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Quote:
Originally Posted by sixty3 View Post
Don’t be a sad banana, my math was wrong, it’s worth close to 70% MSRP! Rejoice!

Best bet is for the wife to learn to be happy with it till it’s value has finally stopped dropping like a rock, she should keep it 10 years.
Yeah, I initially typed in that it was closer to 75%, but deleted that for just the sad banana.

This whole fiasco started because this Edge has not been reliable, like a new car should be. It's got loads of electrical gremlins and is going in again next week for another electrical issue. The fear is once outside of the warranties, this car will cost alot to repair when the next electrical issue pops up. I'll have to look at what the extended warranty is. I remember only buying the maintenance/wheel warranty, but she things we got an extended bumper to bumper one outside of the 3/36k. The free Gerald Lifetime warranty is on the Powertrain only.

Quote:
Originally Posted by ms3p View Post
Just out of curiosity, what has Carvana/Carmax offered?
If you haven't, I assume you will check with them?

Many years ago, I tried trading my WRX with Subaru and they offered me $800. Carmax gave me $4k.
Haven't checked with any of those yet. I read a few months ago about Carvana offering decent $ on used cars, but then we'd have to come up with cash out of pocket to cover that negative equity.
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Old 01-05-2021, 11:20 AM   #5402
shikataganai
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blue-sun's wife is worse than I am.

My wife gets mad at me when I try to switch out her much-loved minivan (just for a newer year! but the 2021's styling and color choices are indeed slightly different).
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Old 01-05-2021, 11:24 AM   #5403
blue-sun
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Originally Posted by shikataganai View Post
blue-sun's wife is worse than I am.

My wife gets mad at me when I try to switch out her much-loved minivan (just for a newer year! but the 2021's styling and color choices are indeed slightly different).
Before I met her, I was worse with the car ADHD. Many losses were had on trade ins! The first Edge was the car she had the longest since we've been together. She did have an 00 Civic EX coupe when we met that had 150k on it when she traded it in on an 06 Accord V6 coupe. She bought that civic new and we have often lamented that we should have kept it. That first Edge aside, all the other cars have been 3 years each on average, which is why I keep suggesting a 3 yr lease for her.
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Old 01-05-2021, 11:45 AM   #5404
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Originally Posted by 340Duster View Post
The most accurate comment here.

I still took a loss on my Abarth, but at least I paid it off before getting raped on a trade in value. Lesson learned. I put 60k miles on my FXT in 5 years of ownership and sold it for half what I paid, which was more than what I owed, so I call that a win.

Not to pry, but could you sell the Edge private sale and at least come close to even?
Never again will I do a vehicle/brand that has terrible resale. I bought an Escape for 16.5k and could barely give it away 2 or 3 years later for 7.5k. My Nissan Titan was the same way. The GF has a Roque she is upside down on now (thankfully she loves it and doesn't want to get rid of it).
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Old 01-05-2021, 11:47 AM   #5405
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Originally Posted by Tweeder View Post
Never again will I do a vehicle/brand that has terrible resale. I bought an Escape for 16.5k and could barely give it away 2 or 3 years later for 7.5k. My Nissan Titan was the same way. The GF has a Roque she is upside down on now (thankfully she loves it and doesn't want to get rid of it).
So nothing but P cars and Ferraris then?
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Old 01-05-2021, 12:06 PM   #5406
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So nothing but P cars and Ferraris then?
Only the GT or limited edition Ferraris or PCars from now on
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Old 01-05-2021, 12:10 PM   #5407
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Originally Posted by Tweeder View Post
Never again will I do a vehicle/brand that has terrible resale. I bought an Escape for 16.5k and could barely give it away 2 or 3 years later for 7.5k. My Nissan Titan was the same way. The GF has a Roque she is upside down on now (thankfully she loves it and doesn't want to get rid of it).
Stop buying cars? If you want resale ability buy a domestic truck or SUV. Minivans like the Odyssey and Sienna have great resale too.
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Old 01-05-2021, 12:14 PM   #5408
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My car buying rules have evolved to this:

1. Any cars with lower resale/higher depreciation: I keep long term and drive the wheels off

2. Cars with better value retention/lower depreciation, I drive as my 2nd car with lower mileage burden. If I buy, I try to pay it off so I can fully recoup costs when I sell, if I lease, I make sure it had a reasonably high residual value so I don't get killed on the lease terms and end up paying for too much of the car anyway before I return the lease.
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Old 01-05-2021, 12:15 PM   #5409
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Only the GT or limited edition Ferraris or PCars from now on
Atta boy!
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Old 01-05-2021, 12:33 PM   #5410
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I need to figure out what to do with the wife's Pacifica Touring L in a couple of months when my lease runs out. Our buyback on it is $19,467.00, and even though we're way under the allotted miles on it (11,600 / 30,000) it doesn't look like I'm getting much more than that if it do try to flip it on a trade. She wants the new AWD variant, so I guess the move is just roll another lease on one of those? I can't justify buying one of these new based on how quickly they depreciate, and since it's new there aren't any used AWD's on the market right now.

My personal method of "buy lightly used German sports car after initial depreciation, sell in 2-3yrs before second big depreciation" doesn't really play well with this arena
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Old 01-05-2021, 12:53 PM   #5411
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Originally Posted by shiplemw View Post
Stop buying cars? If you want resale ability buy a domestic truck or SUV. Minivans like the Odyssey and Sienna have great resale too.
I am cheap so I normally try to buy the most affordable thing. But yeah, stick to things like 4runners, 4wd domestic pickups, my wrangler is doing well with minimal depreciation.

My lesson was to stop being so damn cheap and spend a little extra for the better vehicle.
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Old 01-05-2021, 01:05 PM   #5412
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Originally Posted by edkwon View Post
My car buying rules have evolved to this:

1. Any cars with lower resale/higher depreciation: I keep long term and drive the wheels off

2. Cars with better value retention/lower depreciation, I drive as my 2nd car with lower mileage burden. If I buy, I try to pay it off so I can fully recoup costs when I sell, if I lease, I make sure it had a reasonably high residual value so I don't get killed on the lease terms and end up paying for too much of the car anyway before I return the lease.
I’m sticking with number 2 on your list. I can’t be certain I will keep a car long term so I won’t consider the high depreciation cars any more. I’ve had my 3 series wagon for 4.5 years now. I’m starting to get concerned about reliability so I have an urge to get rid of it even though I haven’t had big trouble with it yet. But due to high depreciation, I want to keep it at least 1.5 more years.

Next vehicle will be something that holds value well in case there are reliability issues or I get in an accident or I just don’t like it like I thought I would.
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Old 01-05-2021, 01:25 PM   #5413
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The ironic thing in all of this, my VW was bought CPO, it supposed to be an unreliable "never buy a German car out of warranty" car, it's been more realiable, cheaper to drive and I could probably make 3-4k out of it private party if I sold it right now. It's been in the shop once for a recall, a small warranty (broke a clip in the glovebox) and once because the o-ring on the oil filter broke about 1k after I did an oil change with a non-OEM filter.
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Old 01-05-2021, 04:15 PM   #5414
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Quote:
Originally Posted by blue-sun View Post
The ironic thing in all of this, my VW was bought CPO, it supposed to be an unreliable "never buy a German car out of warranty" car, it's been more realiable, cheaper to drive and I could probably make 3-4k out of it private party if I sold it right now. It's been in the shop once for a recall, a small warranty (broke a clip in the glovebox) and once because the o-ring on the oil filter broke about 1k after I did an oil change with a non-OEM filter.
same here. i've had 3 german cars now and they have been better than hondas and toyotas i bought new. i think the german cars had lower than average reliability 15 years ago, but not today.
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Old 01-06-2021, 12:50 PM   #5415
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Originally Posted by edkwon View Post
IMHO, even a transmission shifting dial is still better than separate buttons, because once your hand is on the dial, you don't have to look down on it to shift to the gear you want, once your hand knows which way to turn for P or R, its pretty much muscle memory and your eye level dash display to tell you what you shifted to.

Push buttons however, you always have to look down at the goddamn buttons to find and then push P, R, D . Again with tight maneuvers in a crowded parking lot or doing a quick 5 point turn on a narrow road, this sucks.
I like the way Honda has implemented theirs, with the R button on a 90deg axis to the rest of the buttons. It makes going back and forth between D and R without looking a breeze (assuming it's the car you're accustomed to driving). In the Clarity, I rarely even have to find Park, since it automatically goes into park by just turning the car off.

My only complaint about the buttons is that they only work well because they take up a bunch of horizontal space in the middle of the console. ...
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Originally Posted by NutBucket View Post
And this is why column shifters are still preferred by many truck drivers/buyers.
I'm still bummed that they removed it from the Ridgeline in order to put the push buttons on a center console. I could set a backpack down in front of the console in my '10 Ridge, if I wanted to.

I'd prefer a column in any automatic/EV unless it was something worthy of a ratcheting shifter. Can we at least all agree that traditional console (manual-like) auto shifters are pointless?
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Originally Posted by sixty3 View Post
My wife still brings up the fact that I traded my 9 year old STi, that she arranged for me, when I got the SS. I didn’t have room to keep it and they offered a lot of it to trade yet I still hear about it every now and then. I wouldn’t says she’s mad though.
She's not mad.. but "Grounds: He got rid of the STI I gave to him." will still need a few minutes clarification during the divorce proceedings.
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Originally Posted by blue-sun View Post
I read a few months ago about Carvana offering decent $ on used cars, but then we'd have to come up with cash out of pocket to cover that negative equity.
Oh, you definitely need a new top end trim SUV right away.

Have you considered potential weight reduction mods with zip ties for any of these vehicles?
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Old 01-06-2021, 01:09 PM   #5416
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Originally Posted by Calamity Jesus View Post
30yo me would have kicked 40yo me in the nuts for lusting after a Kia SUV.

Would still rebadge, though. Brenthon.

https://jalopnik.com/this-korean-com...niz-1821271336

I love that companies have sprouted up to deal with this 1st world problem.
aaaaand Kia has a new badge:

https://forums.nasioc.com/forums/sho....php?t=2932169
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Old 01-06-2021, 01:11 PM   #5417
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Subtle, classy presentation.
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Old 01-06-2021, 02:52 PM   #5418
blue-sun
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Originally Posted by Calamity Jesus View Post

Oh, you definitely need a new top end trim SUV right away.

Have you considered potential weight reduction mods with zip ties for any of these vehicles?
I'm not trying to humble brag or anything like that, but wife just got a HUGE promotion. The amount of the raise that she got is bigger than the annual salary she made the first year we were dating. She also gets a very decent bonus every year and with the promotion that bonus just got bigger.

Sure, we have some lingering debt (a few smaller CC's and a few student loans. We could, pay all that stuff off with the bonus (the CC's will be paid off first as they have the higher interest rates) and deal with that negative equity from the Edge ST to the Explorer ST. That's all still TBD, probably will revisit once she gets that bonus in the bank (usually it's early March).
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Old 01-06-2021, 03:12 PM   #5419
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I'm not trying to humble brag or anything like that, but wife just got a HUGE promotion. The amount of the raise that she got is bigger than the annual salary she made the first year we were dating. She also gets a very decent bonus every year and with the promotion that bonus just got bigger.

Sure, we have some lingering debt (a few smaller CC's and a few student loans. We could, pay all that stuff off with the bonus (the CC's will be paid off first as they have the higher interest rates) and deal with that negative equity from the Edge ST to the Explorer ST. That's all still TBD, probably will revisit once she gets that bonus in the bank (usually it's early March).
Yep, and you could convince her that you pay all debt down this year and with saving and next years bonus you could buy a car with the cashes! Or you will like how much dollar dollar bills you guys have saved in a year and want to keep doing that, so she keeps the car for another year or more. Then a few years down the line you pay the house off, and then you really feel rich without ever “buying” anything.
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Old 01-06-2021, 03:21 PM   #5420
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Originally Posted by sixty3 View Post
Yep, and you could convince her that you pay all debt down this year and with saving and next years bonus you could buy a car with the cashes! Or you will like how much dollar dollar bills you guys have saved in a year and want to keep doing that, so she keeps the car for another year or more. Then a few years down the line you pay the house off, and then you really feel rich without ever “buying” anything.
We have a few things along those lines in the works, but everything is fluid. Ironically enough, the promotion for her was to Controller at her work, where she was the assistant controller (or maybe jr. controller, not exactly sure) and she works for an investment company. She's good with their money, she just like to spend ours!
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Old 01-06-2021, 03:21 PM   #5421
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Yep, and you could convince her that you pay all debt down this year and with saving and next years bonus you could buy a car with the cashes! Or you will like how much dollar dollar bills you guys have saved in a year and want to keep doing that, so she keeps the car for another year or more. Then a few years down the line you pay the house off, and then you really feel rich without ever “buying” anything.
Came here to more or less post this.

The fact that you have you CC debt along with negative equity from prior car trade shenanigans screams keep your existing vehicle, take advantage of the extended warranty you paid for and use bonus money to extinguish debt. Then start a separate savings account and start putting a certain amount in each money that will be earmarked for next vehicle that you can pay cash for.

Sure the immediate satisfaction of new car won't be there right now but the later satisfaction of buying a car outright and of being in the black at least with regards to car and CC debt is so much more satisfying. The only reason I'd say different is if you were going to buy an EV and it was end of year and some kind of very meaningful state or federal rebate was changing.
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Old 01-06-2021, 03:22 PM   #5422
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Originally Posted by Compressed View Post
Came here to more or less post this.

The fact that you have you CC debt along with negative equity from prior car trade shenanigans screams keep your existing vehicle, take advantage of the extended warranty you paid for and use bonus money to extinguish debt. Then start a separate savings account and start putting a certain amount in each money that will be earmarked for next vehicle that you can pay cash for.

Sure the immediate satisfaction of new car won't be there right now but the later satisfaction of buying a car outright and of being in the black at least with regards to car and CC debt is so much more satisfying. The only reason I'd say different is if you were going to buy an EV and it was end of year and some kind of very meaningful state or federal rebate was changing.
Agreed.

I do want an EV to be my next daily driver.
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Old 01-06-2021, 03:30 PM   #5423
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Also, I just thought of something, of the CC debt that we have currently, over half of it is on a 0% finance "special". Example, I just bought snow tires for the GLI a 2 months ago, they were $9XX with taxes, etc. Got them on a 6 month interest free plan and they'll be paid for in those 6 months.
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Old 01-06-2021, 03:55 PM   #5424
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A few years ago my wife got head hunted in her field. She went from the company we both work for, at 120K, to the new company at twice that amount. My god the things I could have bought!

Our living expenses went up quite a bit because we moved and bought a nice house, but we still didn’t do anything like swap cars every 18 months or so. We actually both got new cars not that long after her job change but mine was 9 years old and hers was 10, it was just time. Trading cars too often is one of he worst money decisions one can make, and I’m not trying to spend your money, just saying.

I’ll leave you with this. Three years after my wife took the new job and the, frankly, stupid money, the company changed leadership and her boss was fired. 2 months later they paid my wife to stop coming in. Luckily we didn’t strap ourselves to a couple hundred thousand dollar cars or we’d have been in a pickle.

We moved back into the second house that we bought together, in our “home town” and renovated it with the money we didn’t spend while she was making stupid money.

Try not to roll that negative equity into a new 60k suv that will also be negative for many years. Really, try not to.
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Old 01-06-2021, 04:52 PM   #5425
blue-sun
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Quote:
Originally Posted by sixty3 View Post
A few years ago my wife got head hunted in her field. She went from the company we both work for, at 120K, to the new company at twice that amount. My god the things I could have bought!

Our living expenses went up quite a bit because we moved and bought a nice house, but we still didn’t do anything like swap cars every 18 months or so. We actually both got new cars not that long after her job change but mine was 9 years old and hers was 10, it was just time. Trading cars too often is one of he worst money decisions one can make, and I’m not trying to spend your money, just saying.

I’ll leave you with this. Three years after my wife took the new job and the, frankly, stupid money, the company changed leadership and her boss was fired. 2 months later they paid my wife to stop coming in. Luckily we didn’t strap ourselves to a couple hundred thousand dollar cars or we’d have been in a pickle.

We moved back into the second house that we bought together, in our “home town” and renovated it with the money we didn’t spend while she was making stupid money.

Try not to roll that negative equity into a new 60k suv that will also be negative for many years. Really, try not to.
All very good points. I will say that this whole "time for a new car" with the Edge has come after the newest case of a problem with the car. Is it driveable? Sure. Will it likely last a long time, sure. But this particular car has not been the most reliable, especially for a car that had a MSRP nearly 50k when we purchased it.

Had all the issues we've had over the nearly 2 years of ownership not happened, I highly doubt that we'd even consider a trade. It's been entirely a reaction to yet another issue with it. I'm going to find all the documentation that I have for this car later and post up all the issues. Which for a vehicle with only 26k on it, it should have this many issues.
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