Originally Posted by BigBake
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.