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While your calculation is correct, you do not include a rather important fact. Owning a car which you intend to sell in a couple years is a risk. Even though th
by replax 15y ago
While your calculation is correct, you do not include a rather important fact. Owning a car which you intend to sell in a couple years is a risk. Even though the cost of ownership of a $100k car and $40k car might not be much, it will turn out to be significant at the moment you crash it.
Which will then inevitably lose you the full value.
- vaksel 15y agoit takes a while for carfax to receive info...so you flip it the moment you get it out of the body shop, you shouldn't be affected by it but a lot of times the crashes don't affect the value that much...not many people actually use carfax.
- fr0sty 15y ago"Which will then inevitably lose you the full value." Not even close. Insurance will reimburse you for the loss (minus a deductable).
- replax 15y agoI have to admit that I don't know about the situation in the US, but in Europe you generally will not get your full car reimbursed if you drive it against a wall. Unless you have some disgustingly expensive car insurance of course...