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Old 03-12-2008, 11:45 PM   #11
Ames
Bench Warmer
 
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Re: Anyone get a new car every year or two?

Originally Posted by BigBake View Post
Does anyone trade cars every year or two?

I knew a few people that would trade vehicles every 13,000 miles or so. And from what they said it would only cost a little each time.

Just curious if you do that how do you work it to your advantage and not take it in the shorts on depreciation?
If you own a good car and it is in demand used it seems to work. I have a friend that owns a $50,000 Tahoe. He trades every 2 years for $12,000. So basically he gets to drive a brand new $50,000 SUV always under warranty for $6k per year. He also gets a year free from OnStar every trade and a few months of XM. He doesn't lease because of the mileage.

I was trading for a new car once a year for a while. I finally found the perfect car and have had it for 3 years. It was expensive, but I considered it expensive toys/hobby.
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