3 ms·
Trade in value is usually negligible unless you're buying a new car every few years
by greekrich92 1y ago
Trade in value is usually negligible unless you're buying a new car every few years
- jeffbee 1y agoJust looking at the "blue book" site suggests that a 5-year-old Accord with 50k miles can be traded for $20k and a 10-year-old Accord with 100k miles can be traded for half that, but a 2005 model with 200k miles is virtually worthless. So there's a cliff somewhere, but neither the 5 nor 10 year old example are negligible.
- crgwbr 1y agoOne point of annecdata to backup your figures: I traded my 2018 Accord (7.5 years old, 97k miles) this past weekend, was offered $11k and negotiated them up to $15k. So, trade ins are definitely worth more than nothing.
- bombcar 1y agoThat’s how a decent number of people do it - buy new, trade in at some “sweet” spot whatever they deem it to be. Past a certain point, it’s better to run it into the ground.