When should I trade in/up
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Registered User
Joined: Apr 2005
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From: Sydney Australia
When should I trade in/up
Hey guys I have a question,
I do about 4000k's per month roughly.And have had my 8 for about three months
In terms of depreciation , when would it be best to trade in my car and get a newer 8 or a Shinka?
My finance is 5yrs with a 40% residual.
Lemme know when you get the chance
Mike
I do about 4000k's per month roughly.And have had my 8 for about three months
In terms of depreciation , when would it be best to trade in my car and get a newer 8 or a Shinka?
My finance is 5yrs with a 40% residual.
Lemme know when you get the chance
Mike
rock-->o<--hard place
Joined: Sep 2003
Posts: 3,242
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From: Canberra, AUSTRALIA
Depends on what upgrades are made in the 06 model. Or what else is on the market 
I considered it as mine came up to 2 y/o; will consider it much more carefully before 3 years, when warranty runs out. By then, I should have 80-90,000k
I considered it as mine came up to 2 y/o; will consider it much more carefully before 3 years, when warranty runs out. By then, I should have 80-90,000k
cry me a river...
Joined: Dec 2003
Posts: 4,475
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From: Syd / Melb
Originally Posted by AMG
tell me about it, it's taken some serious hard work to rack up my kilometres...LOL!
i just cant pout enough km's on mine........
maybe i should go out more often (picking up the chicks :D )
trust me..this wont hurt
Joined: Nov 2003
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From: Adelaide, Australia
Originally Posted by EZZY
how many km's have you done?
Shootin' from the hip
Joined: Apr 2005
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From: Sydney, Australia
Looks like I'll only end up doing about 10K per year.
I'm gonna have a close look at trading in/up at the three year mark too. Something about this car makes me nervous about owning it for too long once the warranty runs out.
Guys doing high mileage should definitely consider getting rid of it before it hits the magic 100K mark if they want decent resale.
I'm gonna have a close look at trading in/up at the three year mark too. Something about this car makes me nervous about owning it for too long once the warranty runs out.
Guys doing high mileage should definitely consider getting rid of it before it hits the magic 100K mark if they want decent resale.
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Joined: Jan 2005
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Originally Posted by StratoMike
Hey guys I have a question,
I do about 4000k's per month roughly.And have had my 8 for about three months
In terms of depreciation , when would it be best to trade in my car and get a newer 8 or a Shinka?
My finance is 5yrs with a 40% residual.
Lemme know when you get the chance
Mike
I do about 4000k's per month roughly.And have had my 8 for about three months
In terms of depreciation , when would it be best to trade in my car and get a newer 8 or a Shinka?
My finance is 5yrs with a 40% residual.
Lemme know when you get the chance
Mike
Red goes faster
Joined: Aug 2005
Posts: 167
Likes: 0
From: Melbourne, Australia
Originally Posted by Lone Ranger
Did you really mean 4K per month? At that rate, I fear you will find yourself SERIOUSLY upside down in your finance ... especially with a 40% residual.
I do roughly 50000 kms pa, but i've got a 48 month/o residual - i will be upside down for about 2.5 to 3 years then sweet!!. Seriously though refinance mate. Go for a 5 year nil residual. If you're credit is good you should be able to get 7.15% through Esanda or BMW finance etc.
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