12-07-2019, 11:50 AM
|
 |
Member
|
|
Join Date: Jun 2014
Location: SA, TX
Posts: 6,474
|
|
Quote:
Originally Posted by dkl
I agree with "zonefive" about repairing your existing car. You shouldn't be too concern about the resale value since you won't be selling it once it's been repaired. What you should be more concern with is will that $4k spent cost less than the expense incurred with buying that new CPO, including taxes and depreciation over the same period that you expected your $4k repair to last. People keep getting hung up on what the existing car is worth, but you should really be looking at your overall out of pocket cost when doing comparisons.
But if you really want a new car, then that's a different thing - nothing wrong with that.
|
 Agree with all of that. Unless planning to put it on the market immediately after repair, current market value is largely unimportant.
Now if you want a new car (features, less repairs, etc) then that's a different story. Don't repair it. Sell it as is and move on to something else. Nothing wrong with that either.
__________________
2005 X5 4.4i Build 04/05 Maintenance/Build Log
Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles)
2006 X5 4.8is Build 11/05 Maintenance/Build Log
Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles)
2010 X5 35d Build 02/10
Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles)
|