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The book values for trade-in are between high $16k and mid $17k. Actual trade-in value is much less. I would guess we could sell it for between $16k and 18k, which would leave us upside down. I would guess actual trade-in would be between $13k and $15k.
$18k for a nice car that we know the history is a whole lot less than what we would spend on a new car. On the other hand, we could have a new car for the same/similar monthly payments, but no/little maintenance expense - just longer payments.
If we decide to keep ours, we are considering an extended warranty. Any thoughts?
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