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01-05-2021, 11:11 AM | #5401 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
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. 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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01-05-2021, 11:20 AM | #5402 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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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). |
01-05-2021, 11:24 AM | #5403 |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
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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01-05-2021, 11:45 AM | #5404 | |
Scooby Specialist
Member#: 129922
Join Date: Oct 2006
Chapter/Region:
RMIC
Location: Seattle
Vehicle:2013 Wrangler |
Quote:
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01-05-2021, 11:47 AM | #5405 | |
Scooby Newbie
Member#: 253189
Join Date: Jul 2010
Chapter/Region:
South East
Location: Louisville Ky
Vehicle:2016 SS Black |
Quote:
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01-05-2021, 12:06 PM | #5406 |
Scooby Specialist
Member#: 129922
Join Date: Oct 2006
Chapter/Region:
RMIC
Location: Seattle
Vehicle:2013 Wrangler |
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01-05-2021, 12:10 PM | #5407 | |
Scooby Newbie
Member#: 203905
Join Date: Feb 2009
Location: MI
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Quote:
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01-05-2021, 12:14 PM | #5408 |
Scooby Specialist
Member#: 453
Join Date: Oct 1999
Location: ***23567;***12373;***12356;***
Vehicle:2020 Kia Telluride 2021 Porsche Taycan |
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. |
01-05-2021, 12:15 PM | #5409 |
Scooby Newbie
Member#: 253189
Join Date: Jul 2010
Chapter/Region:
South East
Location: Louisville Ky
Vehicle:2016 SS Black |
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01-05-2021, 12:33 PM | #5410 |
Scooby Newbie
Member#: 17975
Join Date: Apr 2002
Location: Pittsburgh
Vehicle:2023 Macan GTS Python Green |
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 |
01-05-2021, 12:53 PM | #5411 | |
Scooby Specialist
Member#: 129922
Join Date: Oct 2006
Chapter/Region:
RMIC
Location: Seattle
Vehicle:2013 Wrangler |
Quote:
My lesson was to stop being so damn cheap and spend a little extra for the better vehicle. |
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01-05-2021, 01:05 PM | #5412 | |
Scooby Specialist
Member#: 17797
Join Date: Apr 2002
Chapter/Region:
MAIC
Location: Pittsburgh, PA
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Quote:
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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01-05-2021, 01:25 PM | #5413 |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
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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01-05-2021, 04:15 PM | #5414 | |
Scooby Specialist
Member#: 141952
Join Date: Feb 2007
Chapter/Region:
MWSOC
Location: milwaukee'ish
Vehicle:2023 M340i |
Quote:
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01-06-2021, 12:50 PM | #5415 | ||||
Scooby Guru
Member#: 44501
Join Date: Oct 2003
Chapter/Region:
NWIC
Location: Yeah, well, you know
Vehicle:that 's, like, your alternate facts, man. |
Quote:
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. ... Quote:
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? Quote:
Quote:
Have you considered potential weight reduction mods with zip ties for any of these vehicles? |
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01-06-2021, 01:09 PM | #5416 | |
Scooby Guru
Member#: 44501
Join Date: Oct 2003
Chapter/Region:
NWIC
Location: Yeah, well, you know
Vehicle:that 's, like, your alternate facts, man. |
Quote:
https://forums.nasioc.com/forums/sho....php?t=2932169 |
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01-06-2021, 01:11 PM | #5417 |
Scooby Specialist
Member#: 64196
Join Date: Jun 2004
Chapter/Region:
RMIC
Vehicle:2010 Family Sedan |
Subtle, classy presentation.
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01-06-2021, 02:52 PM | #5418 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
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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01-06-2021, 03:12 PM | #5419 | |
Scooby Newbie
Member#: 253189
Join Date: Jul 2010
Chapter/Region:
South East
Location: Louisville Ky
Vehicle:2016 SS Black |
Quote:
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01-06-2021, 03:21 PM | #5420 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
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01-06-2021, 03:21 PM | #5421 | |
Scooby Newbie
Member#: 12271
Join Date: Nov 2001
Location: Colorado
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Quote:
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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01-06-2021, 03:22 PM | #5422 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
I do want an EV to be my next daily driver. |
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01-06-2021, 03:30 PM | #5423 |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
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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01-06-2021, 03:55 PM | #5424 |
Scooby Newbie
Member#: 253189
Join Date: Jul 2010
Chapter/Region:
South East
Location: Louisville Ky
Vehicle:2016 SS Black |
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. |
01-06-2021, 04:52 PM | #5425 | |
Scooby Guru
Member#: 15934
Join Date: Mar 2002
Chapter/Region:
MWSOC
Location: Yorkville, IL
Vehicle:2021 GTI Cornflower Blue |
Quote:
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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