Should i trade in my car after two years or wait till its a pile of junk?

Question

i bought a 2007 cobalt last year and love it. i am wondering should i trade it in next summer when it is two years old or wait a few more years? should i wait until its a pile of junk and buy a new one? like what is more worth my money to keep it for ever or trade it in soon? thanks!!

Answer 1

Keep it until the wheels come off. You are paying $0 for a newer car. That's great! The trick is to stay out of debt, not get more into it. Even if you have a major problem down the road getting it fixed will be way cheaper then getting a new car.

Don't let extra money burn a hole in your pocket. Save it, invest it go on a nice trip somewhere but don't get a new car if you don't have to.

Answer 2

Keep the car for 3 or 4 more years and save up cash for the next one so you won't have to make payments. Don't trade it in because they never will give you what it's worth. Sell the old one yourself and you'll be miles ahead. That's how we do it.

Answer 3

Keep the car......Trade the wife.

Answer 4

You may find your loan upside down after just two years.

Answer 5

You just finished paying off a 2007 vehicle?

Keep that thing and drive it 'til it blows up. No need to get into another car loan. You've still got plenty of warranty left.

Answer 6

Trade it in because you can get more money than waiting more years. The car has less mileage rite now and it is in better condition.