return2ozma@lemmy.world to News@lemmy.world · 10 months agoAmerican Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023www.investopedia.comexternal-linkmessage-square28fedilinkarrow-up1102arrow-down13
arrow-up199arrow-down1external-linkAmerican Debt: Auto Loan Balances Hit Record $1.6 Trillion in Q3 2023www.investopedia.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square28fedilink
minus-squareNotMyOldRedditName@kbin.sociallinkfedilinkarrow-up2·edit-210 months agoWell ya, I got years left still. But at 8 years it’s resale value will be much higher than at 8 years with a 15-20k battery replacement if it dies. There’s a cost/risk to consider there, it just working isn’t a financially sound decision on its own Edit: also by the time 8 years is up,getting a 1 year old car to eat that initial depreciation will be easier.
Well ya, I got years left still.
But at 8 years it’s resale value will be much higher than at 8 years with a 15-20k battery replacement if it dies.
There’s a cost/risk to consider there, it just working isn’t a financially sound decision on its own
Edit: also by the time 8 years is up,getting a 1 year old car to eat that initial depreciation will be easier.