Last summer I traded in a 2020 RAV4 for a Honda Accord Hybrid Touring. There was really nothing wrong with the RAV4, I just wanted an upgrade (from gas to hybrid, I went from base model RAV to Touring Honda with allll the bells and whistles.) Granted, it had some minor cosmetic damage and had been hailed on and repaired TWICE, but mechanically fine.
I got a lot on my trade in. I bought it for $27k-ish new in 2020 as I had negotiated a great deal, and traded it in for $31k with about 22,000 miles on it. The Accord MSRP was a little over $40K, but I paid hella markups. Dealer add ons plus a market adjustment. I don’t want to say exact numbers because it hurts my soul and y’all will roast the fuck out of me. My loan that I took on was right at about $40K so I basically just took the equity I had in the RAV and shoved it up my ass. Interest is 5ish%.
On the bright side, I love my car. It’s shiny and seggsy. It’s badass. But I feel so guilty about my poor financial decision that it’s been hard to fully enjoy. On the bright side, the guilt made me fuckin GRIND and I now owe about $28K which is a lot better than $40K. Minimum payments are $800 and I have under 3 years left. I can technically afford it; I’m a DINK household with gross income ~$160K/year, no other debt, saving for retirement, etc. BUT I feel like I overbought and just feel like I could have invested the $15K I spent on this shit the past year and been better off.
I know my best bet is just to pay the thing off, enjoy it, and keep it until the doors AND wheels fall off. I mean it is a Honda after all. But this is something I literally obsess about. I hate that I was so stupid with this purchase. It’s like I blacked out when I signed the paperwork. Also, I worry about being able to keep it for a long time if I do have kids. Not sure if a sedan will work for that.
Has anyone gone through this before? Should I just sell it now and get a 2005 Corolla so I can sleep better at night? Any advice or insight is appreciated. I feel like I’m going nuts.
TL;DR traded in a perfectly fine RAV4 for a fancy Honda Accord because I thought it would be kool, spent too much money, am sad.
Submitted July 06, 2023 at 11:53PM by avocadotoast996 https://ift.tt/HjFSsUe
