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Old 11-07-2009, 12:31 PM   #1
bigbang
 
Drives: Yaris sedan 2009
Join Date: Jun 2009
Location: beTHESDA
Posts: 25
Thanks for the advice i wanted to trade the yaris for a car with more HP
but thinking of it i will keep the yaris I hope for 15-20 year.
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Old 11-07-2009, 12:43 PM   #2
YarisOwnersDad
Is now a Corolla S Owner
 
Drives: 2010 Corolla S
Join Date: Mar 2009
Location: Western Kentucky
Posts: 460
Quote:
Originally Posted by bigbang View Post
Thanks for the advice i wanted to trade the yaris for a car with more HP
but thinking of it i will keep the yaris I hope for 15-20 year.
Good.

Hey, there are times when trading makes sense, but I went WAY overboard.

Most of my car deals made no sense. I would take the huge hit on depreciation and then go buy another new one, only to take another huge hit on depreciation. I would carry over negative equity into new loans and dig myself deeper and deeper into a hole. I had good credit, so the banks would allow me to borrow more than the cost of the car.

The best way to trade is to save up the money and not trade until you can pay cash. That could mean driving a beater for a few years, but that would beat being in the shape I'm in at my age.

Tomster
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