Smart idea to resell and buy?
08-02-2012, 02:09 AM
#19
I can understand your boss' case since he drives BMW's. You would indeed want to dump the car around 60k miles since that's right about when the maintenance avalanche will creep on you and your warranty would be up. You don't want to incur those gigantic repair costs so you ditch the car while it still has good value. I could argue the same for just about any European car.
For Infinitis, our cars are much more reliable so keeping it in the long run should save you way more money.
For Infinitis, our cars are much more reliable so keeping it in the long run should save you way more money.
08-02-2012, 10:18 AM
#20
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I can understand your boss' case since he drives BMW's. You would indeed want to dump the car around 60k miles since that's right about when the maintenance avalanche will creep on you and your warranty would be up. You don't want to incur those gigantic repair costs so you ditch the car while it still has good value. I could argue the same for just about any European car.
For Infinitis, our cars are much more reliable so keeping it in the long run should save you way more money.
For Infinitis, our cars are much more reliable so keeping it in the long run should save you way more money.
08-02-2012, 09:08 PM
#21
I wouldn't worry about repairs, it's still low mileage for an infiniti. Save your money and buy a 2015 when it comes out. The 2008 price won't really be affected by the new model, but a 2012 will. If you want a refresh, buy the cheap IPL bumper, especially if you happen to have one of the few colors that they still have cheap.
08-04-2012, 07:11 PM
#24
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Your boss doesn't know what he's talking about. The longer you keep your car, the better you are off financially. Only when repairs become major and the car is worth little does that line of reasoning make sense. Unless your car is a lemon.
60k miles is nothing. Even doubling that, the mileage wouldn't be high. I would personally keep your car as long as you can or as long as you enjoy it.
60k miles is nothing. Even doubling that, the mileage wouldn't be high. I would personally keep your car as long as you can or as long as you enjoy it.
08-05-2012, 11:19 AM
#25
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/\/\ That guy's probably just a legend in his own mind, but his advice is sound. And, like others said, buy an extended warranty if you want peace of mind.
09-02-2012, 04:31 PM
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Perhaps your boss is giving you this ridiculous advice because he knows the more money you owe people, the more dependent on your job you become.
Let's see...worst case scenario...you need a new engine for a paid-for car at 60k miles (ridiculous assumption to begin with). What's a new, installed engine cost? $5k maybe at the most? So now you've got a car with a new engine, and 60,000 miles on everything else.
On the other hand, you buy a new G37 at $40k, and finance for even as long as six years. Even at zero percent interest, you'll spend almost $7k in car payments every year.
Effectively, if your current car is paid for by the time you reach your boss' "drop dead mileage", you could afford to replace the engine every year, with money left over for a new set of tires every year...instead of buying a new car, or even one a year old.
I now have almost 70k miles on my '04 G coupe, and my total non-routine maintenance tab since I bought it used four years ago is roughly $600, for a power window motor, and a power door lock actuator I didn't have the motivation to change myself. That's not even one month's worth of car payments on a new G.
Your boss is either an idiot (at least when it comes to automobiles and finance), or he's telling you this to ensure you're dependent on your job. You're wise to ask this question to people who aren't so dense.
Let's see...worst case scenario...you need a new engine for a paid-for car at 60k miles (ridiculous assumption to begin with). What's a new, installed engine cost? $5k maybe at the most? So now you've got a car with a new engine, and 60,000 miles on everything else.
On the other hand, you buy a new G37 at $40k, and finance for even as long as six years. Even at zero percent interest, you'll spend almost $7k in car payments every year.
Effectively, if your current car is paid for by the time you reach your boss' "drop dead mileage", you could afford to replace the engine every year, with money left over for a new set of tires every year...instead of buying a new car, or even one a year old.
I now have almost 70k miles on my '04 G coupe, and my total non-routine maintenance tab since I bought it used four years ago is roughly $600, for a power window motor, and a power door lock actuator I didn't have the motivation to change myself. That's not even one month's worth of car payments on a new G.
Your boss is either an idiot (at least when it comes to automobiles and finance), or he's telling you this to ensure you're dependent on your job. You're wise to ask this question to people who aren't so dense.
09-02-2012, 05:48 PM
#27
Don't listen to your boss. I bought 08S mt coupe with 107k, was a highway car, Only thing I did is changed my oil. It has 114k right now and the car still runs like new... Its a Japanese car don't forget it.
09-03-2012, 01:50 AM
#28
09-03-2012, 10:29 AM
#29
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Is this logic truly correct tho, you aren't recognizing the value for the amount of time he has driven the car?
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