Trade in my Honda accord and get an Audi?

[Dear Summer]

I really like the 2009 Audi A4/A5

I bought a 2008 Honda Accord EX-L a little less than a year ago and want to switch cars

I want to get rid of my Honda and get an Audi, any advice?

Yes, I realize I'll be paying more for my monthly payment and I can afford it

 

[Capt Caveman]

http://forums.anandtech.com/ca...tid=85&flcache=8716575

 

[DeviousTrap]

Are you upside down on the loan on the Honda? You'll be taking a huge hit on depreciation getting rid of a brand new car after 1 year.

Oh, and the 2009 A4 is a completely different car from the 2008.

 

[Dear Summer]

Originally posted by: Capt Caveman
http://forums.anandtech.com/ca...tid=85&flcache=8716575

Thanks CC

Mods, can you move it?

 

[Dear Summer]

Originally posted by: DeviousTrap
Are you upside down on the loan on the Honda? You'll be taking a huge hit on depreciation getting rid of a brand new car after 1 year.

Oh, and the 2009 A4 is a completely different car from the 2008.

Yes, I know I'll be taking a hit and lose some money but I think I have enough disposable monthly income at this point to even consider this.
I like the 2009 model (A4) in black

 

[Colt45]

do it

 

[biggestmuff]

I don't know how old you are, what your financial situation is or how handy you are with performing maintenance, but you also need to factor in the cost of parts for an Audi. Also insurance may be higher. Call the Audi dealer and ask them what price for the 20,000 mile maintenance runs.

 

[Dear Summer]

using kelley blue book, it looks like my 08 Honda Accord with 5000 miles has a trade in value of $20000 which is close to the auto loan left on the car

 

[Mill]

You will go upside down as your will likely NOT get KBB as a trade for your car. You might get close to your loan if you had a low rate and you sell to a private buyer.

You will be very foolish to do this. The Accord is a great car and Audis are very expensive to maintain and their reliability is suspect. I just bought a 2500 dollar engine for my Audi earlier this week. I am selling it to be buy a Civic.

 

[fstime]

Financially, it is a VERY stupid thing to do, as long as you can afford to take such a hit.

I personally figured out a long time ago, cars are a huge waste of money, especially new ones, and especially new ones every 2 years, like many Americans like.

 

[thomsbrain]

There won't just be the larger payments, there will be the vastly inferior resale value, vastly reduced lifespan, and vastly increased maintenance costs of the Audi to consider. Insurance will likely be higher, too. They cost more to run and own, not just to buy.

And frankly, if you can truly afford to switch new cars every year, then has it occured to you that you could just go buy one really good car and spend the same amount of money overall? For the cost of flipping $30K cars every year for five years, you could probably pay off an S-class/A8/7-series. If you can't afford one of those cars, then you can't afford to flip cars every year.

 

[nervegrind3r]

audi's are terrible to maintain, my two bosses both have new ones and they are always in the shop. Do some homework if you want to get one. Yes, they look nice, I like the new headlight style, but I wouldnt buy one.

 

[woodie1]

You will be surprised at what the dealer will offer you for your car in trade.

Audis are great cars if you can afford one. You seem to know that. I say go for it.

 

[evident]

i like hte new headlights alot.

 

[Sasiki]

Keep the Honda, drive it for the next 15 years. After the car is payed off, continue to make the same payment into some sort of investment account.

www.daveramsey.com. Eat beans and rice.. and rice and beans now and reap the benefits in retirement, likely an early one if done right.

 

[Zebo]

This thread is retarded. OP you are paid too much. Obviously family employment.

 

[Imdmn04]

Do you have enough cash to buy the car outright?

If not, no, then it is not a good financial decision to buy a luxury car.

 

[kt]

Do it, do it for the struggling economy!

Wait, you mean to say the struggling economy was caused by financially irresponsible people who spend more than they can afford on things they don't need just because they think they have the money now and financial institutions are dumb enough to lend stupid people who obviously can't afford to buy things they don't need just because they think they have the money now by borrowing from said dumb enough financial institutions who will end up crying to the government for handouts that ultimately the tax payers like us will have to pay for?

In that case, I will retract my previous statement..

 

[caspur]

Financially, its a stupid move.

However, think about it this way. Let's say you drive 2 hours a day (averaging out commute/vacation/etc.) That's more than 700 hours a year. Over a conservative 10 year lifespan of a car, you'll be driving it for more than 7000 hours.

Go to your garage. Sit behind the wheel. Look at your watch. Count out 1 minute out loud. Imagine you will be spending another four hundred thousand times during the lifespan of that car.

That's why always buy a car you love. And money be damned.

 

[postmortemIA]

Honestly, you don't know how to buy cars if you bought a decent new car and you want to switch it after one year.

 

[bozack]

if you have the money and really want it then I say go for it however as others have said it isn't the most prudent thing to do with your money.

Personally we bought an Accord EXL as well, I had wanted an Acura, I ended up giving the car to my wife and taking her 92x as while the Accord was nice, it just wasn't my style (Neither is the 92x but whatever)

Good Luck

 

[Kaieye]

Personally, I would never buy any European car. I suspect after you buy the Audi, you are going to regret it. Unless you have a thing for Audi mechanics and supporting their kids for college.

 

[edro]

The great thing about your Honda is that the depreciation is tiny, so you won't lose much.
The depreciation on Audis are much higher.
Hondas also have much higher reliability in the past. (No one knows for sure if they will continue to)

But hell, if you want a new badass Audi, and you can afford it... do it.
Money is meant to be spent.

 

[mchammer187]

I wouldn't

think of it this way how about you take that $15K in money you would be burning if you did this and splurge on something for yourself

if it was a 1998 Accord I'd say go right ahead but a 2008 I'm gonna have to go with hell no

 

[rh71]

Originally posted by: Dear Summer

Originally posted by: DeviousTrap
Are you upside down on the loan on the Honda? You'll be taking a huge hit on depreciation getting rid of a brand new car after 1 year.

Oh, and the 2009 A4 is a completely different car from the 2008.

Yes, I know I'll be taking a hit and lose some money but I think I have enough disposable monthly income at this point to even consider this.
I like the 2009 model (A4) in black

You want it? Money not a factor? What's stopping you and why would we factor into such a decision then?

If there's one thing I learned, it's that you will think about this every day until you do it.