This year my car was written off when hit by a truck. So after all my research I bought a new Mazda 3. At the time it seemed like a great idea and I LOVE driving it. I can afford it and it’s fun. All seems well right?
Well, as time goes by I feel like I would like to back to school in a year. Now if I want to sell a one year old new car I feel like I will take a huge loss on it. Taxes included it cost about 26000 for it new with an upgraded sound system and a few other extra perks. If I sell it a year from now I will have about 14000$ left to pay on it. But I will probably only get around 19000$ from it. So I will have lost around 5000$ on a sale of it.
This sucks. I now really want to go back to school, and this friggin car is weighing on my mind.
No I knew, but I was thinking at the time that I would get long life out of the car, and maybe own it soon enough so If I did ever go back to school, I would have a car when I did go back.
But you’re right a car is not for profit. Maybe I should simply be happy that If I go back to school I might have a few years without car insurance / payments.
I’m always puzzled by the people who buy tin hatchbacks brand new. Not the nice little hatchbacks like the Honda Jazz, which are pretty tidy, but the rubbish ones like Daewoos/Chevrolets. There’s the warranty I guess, but not much else.