Do I Gamble?

Kinja'd!!! "CarsofFortLangley - Oppo Forever" (carsoffortlangley)
08/18/2020 at 15:26 • Filed to: None

Kinja'd!!!0 Kinja'd!!! 29

I periodically run my Kia through the “instant cash offer” program run by Autotrader.ca. Basically, you type in the specifics on your car and as long as the participating dealer verifys the details, you get a cheque in hand for that amount that day. Typically, it is for desperate people to get out of loans...  but given I paid 35% less than MSRP on this.... I do OK.

Kinja'd!!!

I first did it back in September 2019 and got $9400 as an offer. In M ay, 2019 , that decreased by $400 and today the offer is $9825!!!

That’s officially more than I owe and, given I was recently quoted $6K as a trade in....

I am sorely tempted. I do really want a winter car, but I feel I could dump the Forte for nearly what I paid for it two years ago, wait until October/November and see what the market is like in terms of new/slightly used longer term vehicles.

It would be nice to have a few payment-less months and to finally be rid of it. But, who knows what the future holds? I don’t want to find myself a vehicle down and in need of a ride.


DISCUSSION (29)


Kinja'd!!! AestheticsInMotion > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:29

Kinja'd!!!13

I'd ditch it. At the end of the day you've got three other vehicles already and times are... Uncertain. I like the idea of extra cash in hand, and smaller monthly payments


Kinja'd!!! CarsofFortLangley - Oppo Forever > AestheticsInMotion
08/18/2020 at 15:31

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Yeah. It sucks, because I kinda like the “guy with 4 cars” status, but I also don’t want to be the “guy with 4 cars and no home” should the shit hit the fan.

Edit: I really do want to re-focus my finances and see if I can start 2021 in a good position with all the low rate right now.  Both my wife and I have fairly secure jobs, so...


Kinja'd!!! Spasoje > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:34

Kinja'd!!!5

Do it! It won’t exactly appreciate - get rid of it while it’s still worth that much.

Plus, you’ll be more ready to jump on something more interesting at the drop of a hat, and you can garage the ST for the time being.


Kinja'd!!! CarsofFortLangley - Oppo Forever > Spasoje
08/18/2020 at 15:36

Kinja'd!!!2

Yeah.  I probably should dump it.  I gotta get a little spot on the bumper cleaned up, then I can turf it.


Kinja'd!!! E90M3 > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:37

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If you’re not driving it, ditch it.


Kinja'd!!! facw > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:38

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I think you go for it. It’s unclear how much you really need a “winter” car in the Vancouver area, but even if you do want one, I’m sure you could pick up something further along the depreciation curve for much less.


Kinja'd!!! CarsofFortLangley - Oppo Forever > facw
08/18/2020 at 15:40

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I mean, I don’t “need” one, but the idea of the ST not getting dirty or miled out is nice


Kinja'd!!! ClassicDatsunDebate > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:41

Kinja'd!!!5

If you can g et out of it unscathed, why not? You’ve been posting about how you have wanted to unload it. Then buy a set of Blizzaks and steelies for the Ford....boom. :)


Kinja'd!!! AestheticsInMotion > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:44

Kinja'd!!!4

Sell the car, refinance the house, buy jeep. Simple. 


Kinja'd!!! Highlander-Datsuns are Forever > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:44

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10/10 would take that offer and put the money under my bed. Then worst case scenario you have to drive the FIST a few days a week  until the neon green Rubicon unlimited is attainable .


Kinja'd!!! Ssfancyfresh > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:49

Kinja'd!!!2

Sell the Kia. Hold the leftover cash for a hot minute. 


Kinja'd!!! notsomethingstructural > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:49

Kinja'd!!!2

As far as I recall, the biggest car-buying season of the year starts the second week of September and gradually tails off until late October. Dealers probably want to stock up now since it’s just a few weeks away.

So yes, you’re getting $500 more for it now, but if you have to rush out and replace it, do it really fast or you’re gonna be paying $1,000 more on the outflow because you’re buying in peak season. Unfortunately the inventory quality in mid-August is usually pretty bad and you might be looking a bit .

Think about your situation and how badly you need a car before you just say “whoopie! a n extra $500! sold!”. I’m not saying sell it, I’m not saying keep it, I’m saying they’re paying more for cars now because they’re expecting to sell them for more in a few weeks.


Kinja'd!!! Darkbrador > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:53

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Of course you do. Otherwise you’d not have asked the question. 


Kinja'd!!! Wacko > CarsofFortLangley - Oppo Forever
08/18/2020 at 15:57

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If you buy a Jeep, make sure yoy have a second car that you can use when it breaks down, cause thats the jeep thing nobody understands...


Kinja'd!!! bob and john > CarsofFortLangley - Oppo Forever
08/18/2020 at 16:03

Kinja'd!!!0

do it


Kinja'd!!! Who is the Leader - 404 / Blog No Longer Available > CarsofFortLangley - Oppo Forever
08/18/2020 at 16:06

Kinja'd!!!4

You clearly don't want that specific car and it won't be worth that much for very long. An unairconditioned manual compact sedan depreciates unsettlingly rapidly. Besides, the money appreciates in the bank and the car won't stop depreciating in a plastic bubble. 


Kinja'd!!! fintail > CarsofFortLangley - Oppo Forever
08/18/2020 at 16:35

Kinja'd!!!4

Think of the car with air conditioning you could replace it with.


Kinja'd!!! Arrivederci > CarsofFortLangley - Oppo Forever
08/18/2020 at 16:45

Kinja'd!!!0

Great offer!  Bye bye Kia.


Kinja'd!!! haveacarortwoorthree2 > CarsofFortLangley - Oppo Forever
08/18/2020 at 17:16

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Do it. DOOOOOOOOOO IIIIIIIIIIIIIIIIIIIIITTTTTTTTTTTTTTTTTTTTTTTTT! 


Kinja'd!!! Chariotoflove > CarsofFortLangley - Oppo Forever
08/18/2020 at 17:38

Kinja'd!!!0

You don’t like the Forte. Take the out while it’s there.


Kinja'd!!! shop-teacher > CarsofFortLangley - Oppo Forever
08/18/2020 at 17:50

Kinja'd!!!2

You’ve regretted that purchase from day one.  Ditch the turkey while the gettin’ is good.


Kinja'd!!! Eric @ opposite-lock.com > CarsofFortLangley - Oppo Forever
08/18/2020 at 17:59

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Dealers are desperate for used inventory, use it to your advantage.


Kinja'd!!! CarsofFortLangley - Oppo Forever > Eric @ opposite-lock.com
08/18/2020 at 18:01

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So crazy!


Kinja'd!!! RPM esq. > CarsofFortLangley - Oppo Forever
08/18/2020 at 18:33

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Why are you even thinking about it? Dump it. Today, if possible. You’re not going to get more than that for it.


Kinja'd!!! CarsofFortLangley - Oppo Forever > RPM esq.
08/18/2020 at 19:02

Kinja'd!!!1

Ha! I think that I’ll get rid of it this week. I have an appointment to drop it off on Friday.

I need to clean things out of the back and give it a final wash.


Kinja'd!!! BrianGriffin thinks “reliable” is just a state of mind > CarsofFortLangley - Oppo Forever
08/18/2020 at 19:10

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Considering 87% of your posts talk about getting rid of the Kia...get rid of the Kia and be a happier person 


Kinja'd!!! Mid Engine > CarsofFortLangley - Oppo Forever
08/18/2020 at 19:18

Kinja'd!!!2

I drive my Cayman year round, I don’t want to limit the enjoyment I get out of d rivi ng her due to a bit of weather. Also, it’s a LOT of fun if it snows I can find an emp ty parking lot to hoon in  :)


Kinja'd!!! Mid Engine > CarsofFortLangley - Oppo Forever
08/18/2020 at 19:20

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Nah, you don’t have to wash it, let the dealer worry about that. Just take our yer shit and hand the car over. 


Kinja'd!!! gmctavish needs more space > CarsofFortLangley - Oppo Forever
08/18/2020 at 21:56

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Oh yeah, do it. If you decide you don’t want to drive the FiST through winter, get a ~$1500 winter beater. If you’re sure you don’t want to run the Forte into the ground, this is the most you’re ever gonna get offered for it.