| Thursday, July 24, 2008 |
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To trade or not to trade?
I'm thinking about upgrading my 2004 Miata to a 2008. I am on the cusp of my factory warranty and I think I'm at the point where I will start loosing significant value if I don't move up to a newer model. I have a NB and the 2005 was the last of that line so that will start making a big difference soon.
I found a blue 2008 that is used with about 2K on it with the convenience package that I want. They have $19,899 (like I'm too stupid to know that's basically $20 thousand dollars). This isn't a horrible price but I want them to come down at least a thousand just because I want them to. I'm a pretty good negoatiator when it comes to buying cars so we'll see how that goes. The blue is my second choice of color - the copper red is my first because it's gawjus but it's not worth and extra $3k to get a new one.
My trade in with all the extras on it would have been at $23K when I bought it in 2004. I got it used with 1,200 miles on it for $17,800. So I don't thinkk getting this blue on for another thousand down is unreasonable. It would go for about $25K if it were new.
I've researched the worth of my 2004 - which truly is in excellent condition - and for private sale it should go in the neighborhood of $14K - it only has 30K miles on it - but if I trade it in I don't know that I can get more than $10 or $11K out of the dealer. I hate to trade in. I've never actually done it. I've always done a private sale.
But I've always done it with all the time in the world - the timing on this would have to be tight because once I sell my 2004 I won't have a car until I buy my new one. That could be tricky.
I hate grown up decisions. I want some ice cream.Labels: miata |
posted by Carol @ 11:52 PM  |
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| 3 Comments: |
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"I hate grown up decisions. I want some ice cream."
I can't count how many times that same thought has run through my own head over the last 4 years (though the dessert choice changes).
I want to be able to act like I'm 12, but keep my bank account and the ability to drive. :)
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Just 11 days ago you were bemoaning change and now here you are making a change.
At 30k your car is just getting broke in, so I wouldn't sweat the warranty expiring. My two previous Miatas were at 110k and 125k when I upgraded them and neither one had any work done on them except for the usual periodic maintenance.
Have you driven the new Miata? The one time I dd I was not too impressed. Sure the power is a nice upgrade, but I didn't like the higher doors and seats as it made it too claustrophobic and it seemed to feel less
"rider and horse as one."
I too dislike the fact that when you trade in at a dealer you don't get as much as you do with a private sale, but I look at it this way, my time is worth something and doing it that way saves time and quite a bit of hassle.
Good luck with the deal.
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JenX - I hadn't though about the bank account - I'd actually like to keep someone ELSE'S bank account. You know - one with MONEY. On the other hand - they'll take my driver's license when they pry that MX-5 steering wheel out of my cold, dead, hand.
Brian - Don't go getting logical on me, OK? The difference between ME thinking about making a change and those BITCHES making changes is that I'm in CONTROL of the ones I decide to make.
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"I hate grown up decisions. I want some ice cream."
I can't count how many times that same thought has run through my own head over the last 4 years (though the dessert choice changes).
I want to be able to act like I'm 12, but keep my bank account and the ability to drive. :)