Debating....(sell it or store it for 3 years)
06-26-08 | 10:26 PM
#31
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From: MA
the general rule for lexus is take off $5000 off the value of the new car then subtract 5-900$ per year. so let's say your IS was worth $35,000 when bought new, as of now it's worth $30,000. by the end of 3 years, it'll be worth probably $27,000 NOT considering as mileage. and when you sell it, you'd have to sell it for LESS than that to attract buyers. That's how you should look at it. Of course the $5000 off is a big cut, it might be along the lines of maybe $2000-3000 but when you sell it, either way you'd have to sell it for less than its value to attract buyers. trading in to a dealer will be an even bigger loss. but figures aside (since it can vary at any moment), why don't you drive it for me now and try to sell it around november and have your wife or a friend drive you (carpool works). and if it doesn't sell then, you'd still have a car to drive and have your wife help you sell it while you're overseas.
06-26-08 | 11:25 PM
#32
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From: CA
the general rule for lexus is take off $5000 off the value of the new car then subtract 5-900$ per year. so let's say your IS was worth $35,000 when bought new, as of now it's worth $30,000. by the end of 3 years, it'll be worth probably $27,000 NOT considering as mileage. and when you sell it, you'd have to sell it for LESS than that to attract buyers. That's how you should look at it. Of course the $5000 off is a big cut, it might be along the lines of maybe $2000-3000 but when you sell it, either way you'd have to sell it for less than its value to attract buyers. trading in to a dealer will be an even bigger loss. but figures aside (since it can vary at any moment), why don't you drive it for me now and try to sell it around november and have your wife or a friend drive you (carpool works). and if it doesn't sell then, you'd still have a car to drive and have your wife help you sell it while you're overseas.
The other problem I have is that my wife is up in Washington while I'm stationed down in San Diego. Plus when I transfer oversea, my wife will be coming with me. She's leaving her car behind with her parents. Now if she was here with me, I will be able to use her car if I was to sell the car. As for carpooling with friends....most of my friends don't live around where I do. Basically I'm out of luck if I sold the car unless I get a beater to use til I'm gone. Damn....this sucks!
06-27-08 | 12:43 PM
#33
The other problem I have is that my wife is up in Washington while I'm stationed down in San Diego. Plus when I transfer oversea, my wife will be coming with me. She's leaving her car behind with her parents. Now if she was here with me, I will be able to use her car if I was to sell the car. As for carpooling with friends....most of my friends don't live around where I do. Basically I'm out of luck if I sold the car unless I get a beater to use til I'm gone. Damn....this sucks!
06-27-08 | 12:58 PM
#34
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From: GA
I agree with everyone that said about selling it.
Think of it in financial term, that's $30K sitting around doing nothing. While you can put that money to good use and always get a better car later when you come back + tons of mods with the interest earned.
Sell the car, still making payment to yourself (into a good money market acct) or a good saving/checking (rank from 3.5%-5.xx%) now.
When you're back, not only you'd have money to buy a new car with cash, but also spare for mods as well
That's how I see things about "safe" investment.
Think of it in financial term, that's $30K sitting around doing nothing. While you can put that money to good use and always get a better car later when you come back + tons of mods with the interest earned.
Sell the car, still making payment to yourself (into a good money market acct) or a good saving/checking (rank from 3.5%-5.xx%) now.
When you're back, not only you'd have money to buy a new car with cash, but also spare for mods as well
That's how I see things about "safe" investment.
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