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To Trade or Not to ...
 
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To Trade or Not to Trade

  

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I'm a 54 year old Disabled Vet with a 2020 Honda Accord Sport 2.0T (4Cylinder).  I drive it lightly most of the time, and have only used the turbo a few times (6), it has 44500 miles on it today, almost all highway.  During COVID I was Temporary Duty in Co Springs at Peterson AFB and I drove from Springfield VA and back.  About 90% of the miles are highway (cruise control) 70-80 miles an hour.  Dealership says its in excellent shape, original brakes are good, replaced the tires at 36K, Trans and brake fluid were replaced at 36K too, belts are great.  I am nearing 50K and the car is approaching two years old.  I didnt think I would put this many miles on it and I have owned a lot of cars but never racked up miles like this, is it worth trading in?  I was considering trading but my heads says keep it.  I live in St Louis and I regularly visit folks near Cincinnati so I drive highway about once or twice a month, 700 miles or so round trip.  I just saw the video of the guy with the Accord with 300K miles.  Would you trade it in?  May seem like a simple thing, I love this car but for once I'm torn as I need a reliable set of wheels.  I trust your (and your viewers) judgement.  Thank you sir.  S G


5 Answers
2

Why would you want to trade in a car with only 50K miles on it and very well taken care of that should be good for at least 200Kmiles for a new car whose average price has now reached $46,259 (J.D. Power)?


2

I'd kill to have what you have. Keep it. Take care of it. It's a Honda it should last you a long time.


Also, I've heard it said that highway driving is equivalent to 10% of city driving


Scotty says that frequently.


1

You'll have to do some research, and then sit down with a calculator and figure out if it makes sense financially.

The car itself should give you many more miles of reliable service.


0

Not worth it.


0

I think my opinion is going to be different from others. See what offers you get for your current car. In this market it is very likely it's going to be even more than the msrp of a brand new one. Then if you can get a new model for msrp you're basically upgrading for free. I live somewhere with trade in tax credit and I traded one of my 2022 Civic's for a top trim Corolla Cross and I think paid like $500 out of pocket because I got more than what I paid for the Civic including tax and title and registration and also used trade in tax credit. Or had a family friend sell their 2018 Highlander private party and bought a 2022 at msrp and were left with a good chunk of cash in their pocket. So if it's one of these cases go for it, but if not then don't.


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