CarbonPrinted OP t1_jebbtwq wrote on March 30, 2023 at 7:42 PM

Reply to comment by OneFingerIn in Positive equity on my vehicle - Dealer wants to buyback and put me in a newer modelm but I'm tossed. by CarbonPrinted

This is what's also pushing on me: My current CR-V is a 2015 model, and while Honda's are typically pretty good, it's more likely that I'll have more maintenance expenses hitting sooner than later. I take good care of my car, but there's an appeal to having everything you said: newer vehicle, no upkeep costs, and the lower rate

shipwreck17 t1_jecf9rc wrote on March 31, 2023 at 12:09 AM

Those are all nice to have but you're paying for them. Some maintaince on the older car is still much cheaper than another 5 years of payments plus interest plus higher insurance etc. Bottom line is new cars are nice but usually cost more so the financial answer is buy one when you need it. Not when u want it. You don't need one now but I think you have enough info to make an informed decision. I totally understand the appeal of the deal but this is r/personalfinance not r/Cars.