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| Need advice: trade-in vs. keep costs Hi all. I need some advice/numbers from the group to decide between trading in vs. keeping my MC. I have an '03 MC, excellent condition, 36k miles. I'm a bit worried about repair/service costs with the warranty running out in a few months. Here's a quick estimate I did of where I'd be in four years in both cases: Keep car: repair cost over 4 years (here's where I need more data): $4,000? trade-in value after 4 years: $4,000? NET: $0! Trade in now for '06 MCS New car cost $14,000 ($27,000 - $13,000 trade-in) repair cost over 4 years: $0 trade-in value after 4 years: $14,000? NET: $0! According to this, it's a wash, except for the new car having more up-front cost. Does this make sense? I'd appreciate any opinions and estimates of costs. Thanks! David |
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