Been thinking about this a lot, I'm not living pay check to paycheck, if I loose my job no biggie, self employed and lots of money stashed, TFSA's and savings, the reason for not buying outright, was I didnt wanna dump $55k up front.
So I have that in a savings and use that to pay my monthly and every now and again I throw a but more into the pot.
The 3450+ tax, I can easily pull from a slush fund and put it into a savings for the car, and if I dont use it goes back.
I'm paying 3450 for an extra year and that sounds quite steep, my last ext w'tee I def used and pretty much broke even.
I could if need be pull $10k out for repairs, but do I want to 3450 could be small change.
Car is babied (2 oil changes a year, minimum) but still.
I could hang on to the car an extra year, as the millage is dead low, 13k I know thats a big ruler they judge the trade-in.
I'm going in to see them on Saturday and chew the cud.
Quote:
Originally Posted by dreamingat30fps
So $25k + $13k = $38k for your trade? Not sure if that's good or not, especially in Canada. Would recommend getting offers from other places like Carmax, Carvana etc if they have that there.
Of course there is always the chance your engine will blow up after not buying it, but statistically it won't. So at that point it's basically like insurance. Can you self insure if you have something major go wrong with the car? Is it likely to have anything go wrong that's more than $3450 to fix?
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