I'm 24M. I make ~88K/yr, expecting promo to the ~97k/yr range this summer. I save about 1.5k-2k/mo at my current salary. I have 10k in checking/savings, 70k in brokerage, 3k in crypto, 33k in retirement accounts. No debt. My job has a pension.
A couple of years ago, I was making a LOT less money. My hand-me-down car crapped out. I bought a 2016 Civic EX-T, paid for it in cash, ~16,500 OTD. The problem is, I have a fiancee and two big boi dogs.
My old hand-me-down was a small SUV. I miss it. I moved like four times with it, I could move furniture in it, lay down in the back of it, my dogs/friends could fit in it, and it was a hell of a lot more comfortable for road trips.
I have a standing offer for $16800 for my Civic from Vroom. It's two years older and has ~15k more miles on it (I temporarily drove a lot less because of COVID). This seems like an awesome way to get out of the vehicle and essentially avoid depreciation.
I would drive my fiancee's car (which she doesn't use) to commute until I found something new. No real rush to find something.
I could most likely get a used CRV with less miles for about $3-4k more or a CX5 for about $5k more out of pocket. I could probably get a new Tucson with incentives, 0% for 60mos, and pay less than $5k additional out of pocket.
What do you think? I know this sub is always "no car" but... it's an extremely tempting offer to sell my vehicle for a profit 2 years after I bought it.
Submitted April 30, 2021 at 11:44PM by wcsib01 https://ift.tt/3e7RIUb
