Hello,
I know it's really quiet around here lately, but here is something I'm debating. Since I'm working from home (for an indefinite period!), I don't need 2 cars. I have a 2015 GT in a great shape (garage queen status), low mileage (60k). I really like it however it's just collecting dust in the garage.
These are approx rounded numbers! I owe about $8k, and I can probably get around $15k (so net $7k). In 1 yr, I'll "have" $7k + $6k (payments + insurance for 1 year), so $13k.
If I sell in let's say in 1 yr from now, and I get $12k, balance would be $3k, so I would "have" $9k.
So is it worth to sell it, and buy a new one if/when I'll need second car?
Seb