Throw $ at paid off daily or cut bait and replace?

[SVT Lurch]

Can you sell that one and find a newer (still first gen) G with lower miles? It will still probably cost a few thousand, but at least everything on the car is lower mileage instead of just the suspension and whatever else you replace.

[slow99]

27 more payments and this Yaris is mine, bitches!

[Game On]

Paying interest on an asset that depreciates faster than you can pay for it is, in my opinion a bad investment.

[MattB]

Thanks for the replies, fellas. It really is helpful.

I'll make sure and let MattB know what I decide, lol.

Thanks buddy, I can't wait!

[Cooter]

Paying interest on an asset that depreciates faster than you can pay for it is, in my opinion a bad investment.

it all boils down to time vs. money... convenience has a price

[slow99]

Paying interest on an asset that depreciates faster than you can pay for it is, in my opinion a bad investment.

What about, ceteris paribus, as asset that appreciates? Why the distinction?

[Game On]

it all boils down to time vs. money... convenience has a price

True, if my comment was taken as being holier than thou, it was not intended. I only want to see people have more income stay in the bank. I have been upsidedown before and I am only one set back away from going back there.

[TexasT]

That's true. Dollars to dollars, fixing is less invested. Thing is, there is a point of diminishing returns on resale. I could easily spend more than its worth and end up with a nice, pretty much worthless 200k mile car.

Plenty of value in reliable transportation. 200k or any amount is nothing when it starts and gets you there and back. Like your house, a daily driver is a means, not an investment. You pretty much have to have a place to live and some wheels to get you places. Depreciation on another eats the value pretty quick. You already got that done on the one you have.

Now as a dfw mustang balla, you may feel the need for a nice whip. It all costs, but I'm pretty sure it is cheaper to keep her.

Your call.

[Cooter]

True, if my comment was taken as being holier than thou, it was not intended. I only want to see people have more income stay in the bank. I have been upsidedown before and I am only one set back away from going back there.

I hear ya. Thankfully I've never been upside down on a vehicle

[Rick Modena]

i tried to let this go, but i couldnt

My nigga!

[Game On]

What about, ceteris paribus, as asset that appreciates? Why the distinction?

Man, I had to google that.Haha.It is better to pay interest on an asset that appreciates over an asset that depreciates. He seems to be in a posotion to go either way.

[petyweestraw]

Or do what a friend has been doing for years. He loves a Tahoe but 99 to 06 ish model. Won't drive anything else. He's been thru four of them. He just keeps getting another one just diff color but he buys under 100k miles. Find a low mileage coupe for a toy and keep your baby for daily.

[talisman]

Paying interest on an asset that depreciates faster than you can pay for it is, in my opinion a bad investment.

0% Nigga, what site are you posting on?!

[YALE]

Man, I had to google that.Haha.It is better to pay interest on an asset that appreciates over an asset that depreciates. He seems to be in a posotion to go either way.

Just because an asset depreciates, doesn't mean it doesn't have value. Don't externalize your benefits, when you see that asset's salvage value declining.

[dcs13]

Life is short, drive what you want...
That said, if you can't afford it, don't stress the finances to get something else. You know the history of your car and its been taken care of I assume.

Decent used cars are bringing killer money right now. I got CRAZY money when I traded my Challenger in July...