Serious Car purchase dilemma
#1
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From: Delaware & Long Island NY
Serious Car purchase dilemma
The 2002 BMW is running fine but I am learning the cost for parts and maintainence is much higher than I expected.
The car is paid off. It has a trade in value of 28,000 I have a repair savings of 10,000.
Do I trade in in on a newer car and put the 10k towards a downpayment or do I just sit on it and use the 10,000 towards repairs.
I went too look at a 2008 Acura TL Type * for 35,000
Thanks
Chris
BMW has 52,000 miles is under warranty till mid 2009 btw.
The car is paid off. It has a trade in value of 28,000 I have a repair savings of 10,000.
Do I trade in in on a newer car and put the 10k towards a downpayment or do I just sit on it and use the 10,000 towards repairs.
I went too look at a 2008 Acura TL Type * for 35,000
Thanks
Chris
BMW has 52,000 miles is under warranty till mid 2009 btw.
#3
You could always just keep trading your cars in when they stop going under warranty. I like the Acura TL (not my favorite, but it'* very nice). If you're not modifying, I'd say trade-in and go for something new with a full warranty while you have the money and the value of your car is as high as it is. Once you spend that $10,000 in repairs, your car isn't $10,000 more valuable. It'* just the same value or less. My $.02
#6
Originally Posted by 1993 SLE
what about the 07-08 GP GXP?
a little more than the TL but will slaughter it
a little more than the TL but will slaughter it
#8
Originally Posted by popatim
Sell it outright Shadow, get 30k+ and drive the truck year round while you fix up a 98/99 SSEi for fun.
#10
Um, I've never owned an Acura, but wouldn't it be just about as much to repair as a BMW?
If it were me, I would get rid of the BMW for a comparably valued domestic car straight up and put that ten grand in a nice cd or money market account.
If it were me, I would get rid of the BMW for a comparably valued domestic car straight up and put that ten grand in a nice cd or money market account.