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My conundrum is thus: I walk to work and I have a 11-year-old Jeep Wrangler that my local craigslist posts tell me is somehow worth between $11- and $15,000. I bought it for $24k new in '05 so the figure surprised me. I'm wondering if I should sell it and have my wife and I be a 1-car household for a while. The sale proceeds would go toward our house down payment fund Pro's to selling - 1. it will only depreciate further 2. it's worth quite a bit more than I thought it would be 3. I have no real need of a car. work, groceries, hospital, entertainment are all in walking distance. 4. I'll save close to a thousand bucks on insurance and gas over the next year. 5. recently it's been a bit of a maintenance hog - transmission ($4k) 2 years ago and suspension work ($1.5k) last month 6 Wife wants another 4-door for when we have children, so the Jeep will be on its way out soon anyhow. Con's to selling - 1. it's a paid off car with a clean title that runs beautifully 2. upkeep is entirely affordable 3. I have a free garage at work to park it in 4. it'd better for hauling stuff than our other vehicle, a sporty 4-door hatchback 5. if we find a house we love that requires us both to commute again, I'm back to square 1 6. our hatchback isn't 4wd/awd whereas the Jeep is. It can snow quite a lot here What should I do BFC?
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Jul 28, 2016 02:44
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| # ¿ May 16, 2024 20:38 |
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I have fantasized about dropping a diesel into it, but that's probably unfeasible. To me it's a time value of money question - do I sell, then regret it in a year when my apartment complex takes my rent up 20% and I have to move?
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Jul 28, 2016 14:52
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Not high unless we find a steal of a deal on a house. We may move to a different, cheaper, unit in the same apartment complex once the special rate we got goes away. I think it makes sense to sell, I'm just trying to cover bases by asking you guys if there are any obvious holes in the plan. Seems like there aren't.
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Jul 28, 2016 18:17
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KaiserSchnitzel posted:Do not sell that Wrangler. You'll regret it, I promise. drat bro. I think you'e got a little bit more of an emotional investment in your wrangler than I do.
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Jul 29, 2016 00:15
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