"WhiskeyGolf" (whiskeygolf)
04/15/2014 at 10:58 • Filed to: None
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"WhiskeyGolf" (whiskeygolf)
04/15/2014 at 10:58 • Filed to: None | 0
| 0 |
I have a math problem. I financed a CPO Golf in January under the assumption I would trade it in shortly after in favour of a new GTI. I drive on average 2,000 km / month (about 22,000 km / year or 13,000 miles) so by my estimation the car is going to depreciate far faster than what I owe and I'll essentially be underwater for life of the loan.
Vehicle values are notoriously tricky to nail down but does anyone know of a reasonable way to estimate at what point I'll have the smallest difference in value/loan remaining?
I'm trying to decide whether to wait for another year or pay up the difference and do it now. In favour of now is a $1000 voucher from VW off the price of a new car good until next January and in favour of waiting is the possibility of the GTD and Performance Pack coming to Canada.