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Should I sell my GM vehicle before it becomes worthless?

A

acemcmac

Lifer
seriously... who in the hell would ask this kind of question?

cars and computer parts are depreciating assets, not investments. Want to worry about resalve value? Buy stocks. Get the best bang for your buck and drive your sh!t into the ground.

If you constantly turn your assets around in the first 24 months as would be necessary to stay on the bleeding edge in computer parts or in the first 4 years with a car as the automotive industry wants you to, you'll be wasting hundreds of thousands of dollars over your lifetime pissing your money away into depreciating...

meh... nm...
 
if it gets bad gas milage, then yes

or just keep it until it dies

as you point out, thinking about "resale" value on a car anymore is a joke
 
Originally posted by: FoBoT
if it gets bad gas milage, then yes

or just keep it until it dies

as you point out, thinking about "resale" value on a car anymore is a joke
Click to expand...

this is a parody thread. My Mustang was worth $4k the last time I looked and I have no intention of getting rid of it for a very long time 🙂
 
Originally posted by: acemcmac
Originally posted by: FoBoT
if it gets bad gas milage, then yes

or just keep it until it dies

as you point out, thinking about "resale" value on a car anymore is a joke
Click to expand...

this is a parody thread. My Mustang was worth $4k the last time I looked and I have no intention of getting rid of it for a very long time 🙂
Click to expand...

kinda bad when u have to point out these things to lifers
 
OTOH, if you bought a new car and now you rarely drive it, it may be worth your while to cut your losses, sell it before it loses any more value and buy something cheaper. Same with a computer part.
 
It not even worth considering buying a new car for better mpg or resale value. You'll just spend more money than it would be worth + the expense of a new car! Drive it till it die, or you got some extra $$$.
 
i will say one thing, i'd be pissed if i bought a GM before the employee discount kicked in. those people are getting screwed on the resale.
 
Originally posted by: Jzero
OTOH, if you bought a new car and now you rarely drive it, it may be worth your while to cut your losses, sell it before it loses any more value and buy something cheaper. Same with a computer part.
Click to expand...

ONLY if you aren't replacing it
 
Originally posted by: acemcmac
Originally posted by: Jzero
OTOH, if you bought a new car and now you rarely drive it, it may be worth your while to cut your losses, sell it before it loses any more value and buy something cheaper. Same with a computer part.
Click to expand...

ONLY if you aren't replacing it
Click to expand...

Not necessarily. That's why I say "cutting your losses." At least you'll recoup some of your initial investment now and buy something that is cheaper or has already almost completely depreciated.
 
Originally posted by: Jzero
Originally posted by: acemcmac
Originally posted by: Jzero
OTOH, if you bought a new car and now you rarely drive it, it may be worth your while to cut your losses, sell it before it loses any more value and buy something cheaper. Same with a computer part.
Click to expand...

ONLY if you aren't replacing it
Click to expand...

Not necessarily. That's why I say "cutting your losses." At least you'll recoup some of your initial investment now and buy something that is cheaper or has already almost completely depreciated.
Click to expand...

I dunno.... By the time you're "cutting your losses" you probably already own a two year old car that's in better condition than anything that's almost done depreciating... I don't see the point of "cutting your losses" if you got suckered into that situation in the first place.
 
Originally posted by: acemcmac
Originally posted by: FoBoT
you mean the new BMW Parody 478i ? i thought that car wasn't coming out until 2007? 😕
Click to expand...

Should I sell my video card before it becomes worthless?
Click to expand...

don't thread crap, this thread is about cars not video cards


and, WRONG FORUM!
 
Originally posted by: acemcmac
seriously... who in the hell would ask this kind of question?

cars and computer parts are depreciating assets, not investments. Want to worry about resalve value? Buy stocks. Get the best bang for your buck and drive your sh!t into the ground.

If you constantly turn your assets around in the first 24 months as would be necessary to stay on the bleeding edge in computer parts or in the first 4 years with a car as the automotive industry wants you to, you'll be wasting hundreds of thousands of dollars over your lifetime pissing your money away into depreciating...

meh... nm...
Click to expand...

Sell it.
 
Originally posted by: jadinolf
Originally posted by: acemcmac
seriously... who in the hell would ask this kind of question?

cars and computer parts are depreciating assets, not investments. Want to worry about resalve value? Buy stocks. Get the best bang for your buck and drive your sh!t into the ground.

If you constantly turn your assets around in the first 24 months as would be necessary to stay on the bleeding edge in computer parts or in the first 4 years with a car as the automotive industry wants you to, you'll be wasting hundreds of thousands of dollars over your lifetime pissing your money away into depreciating...

meh... nm...
Click to expand...

Sell it.
Click to expand...

How can you sell them when they are practically giving away new ones? (I actually traded in my gas hog chevy recently)...got hosed
 
Originally posted by: 2cpuminimum
so at what point is a car "dead"? When the frame is too rusted through to bolt on new replacement parts?
Click to expand...

You sell are car when they become money pits. At this point your car is worn out and you will end up replacing all the parts over the next few years. This is when you sell it to someone that can't afford anything but your cheap ass piece of junk and you buy a new one.
 
I thought to sell a GM before it was worthless meant you had to sell it before it was made 😉 😛





I kid I kid!
 
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