Which would you choose: $50k for a new vehicle every 10 years or $25k every 2 years for a new vehicle?

Question

The catch is you have to keep the vehicle for the allotted time and trade it in for the next new vehicle, and that you cannot keep any unused money and you cannot modify the vehicle. However, you can add your own money towards the purchase, and you are not limited to just one vehicle.

What vehicle(s) would you choose for your first purchase.

Answer 1

25k
i'd like a Dodge Nitro....orange

Answer 2

ok me i choose the every 2 years

here is why
chances of a 50k car breaking down inside 10 years is high not to mention that most warranties expire after 3 years, so you would be up for some expensive cost if something does go wrong.

also you get 4 trade ins @ 25k compared to 1 @ 50k over that period.
assuming depreciation at approx 20% per year 25k less depreciation is 15K +25k= your new car should be about 40k

2nd car 40k- depreciation= 24k +25k= 49k

3rd car 49k- depreciation= 29k + 25k= 54k

4th car 54k- depreciation= 32k+25k= 57k

also you need to consider things like insurance costs, inflation etc, who knows in 10 year a 50k car could be the equivalent of a 25k car now?

anyway my straight answer stick with a new one ever 2 years.

my car- a mazda cx7

good luck

Answer 3

I really have offered new automobiles and saved them 15 years. the cost over that era of time changed into outrageous. I nonetheless have a 66 corvette and a ninety 2 InfinitiQ45 with less than 5000 miles on it. I do however employ a Honda Accord each and every 3 years and discover that's low value tochronic, don't have any upkeep, get the present technologies, and that i have my recommendations comfortable as i do not ought to paintings on it. It value me a lot less contained in the destiny. I have a ninety six Oldsmobile Ciera for finding out on up stuff. each and everything I really have is paid for which includes the employ which I pay up the front in complete. i do not evaluate myself insecure, I do exactly not favor to have issues.

Answer 4

I would choose the second choice. In addition to having a nicer car after 4 or 5 years, insurance would be lower.

Saturn Sky convertible.

Answer 5

I would pick 25K every 2 years. Look at a Japanese sedan in that price range.

Answer 6

I would go for the-- Toyota Highlander Hybrid for $50k at 10 yrs,, I figure save gas and be green at the same time...

Answer 7

25k mustang convertable