Wednesday, July 5, 2017

People who go through multiple cars in a short period, how do you get around depreciation?


So there are a bunch of cars I've always wanted to own, cheap ones, new ones, expensive ones, etc.I originally bought my car because it was a great deal ($1600 below book value) and I wanted to learn how to drive manual. The previous owner took really good care of it. I was originally saving up for a 2011+ Mustang GT and should have more than enough by next year. But a co-worker pointed out that I never included the money I would get for my car into the equation.That got me thinking. I could sell it now for about a grand more than I paid for it, and use that money + what I have saved and get something more fun.I was thinking if I buy something better thats almost near the end of its depreciation, then sell it within 6-months I won't have to worry about loosing money on depreciation. I'll probably loose money on the title transfer fees, tax, and any maintenance I do on the car.I've always wanted to see what it was like to own a G35, 350z, a GTI, a Corvette, and a Mustang. via /r/cars http://ift.tt/2upVVd1

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