23
CAR!
Why should you get a new car?
Why get a new car?
How much would your gas mileage go up in a newer car?
With a newer car, I would get 20-30MPG.
How many MPG does my current car have?
My gas mileage!
My current car gets 15.2 MPG.
Learning Goals
Newer cars come with
Blindspot sensors
Safety!
Parking assist lines
Automatic emergency breaking
Sedans and midsized SUVS are (to me) a better driving experience than the full sized SUV I have now.
Convenience
Convenience
Parking assist lines
Carplay installed from the get
How will you get a new car?
How will you get a new car?
Trade-in value: $16,000
The Money!
The money
- - - - - - - - -
New car cost: $18,000-$25,000
Pay the difference monthly over 12-24 months
Henry how the hell do you expect us to allow you to pay back $2,000-5,000
It's actually very simple!
Although I know it is of course best to pay things back in full, in my adult life I will have bills to pay every month. A $250-$500 bill every month would be good practice/experience for this.
Current Car to Cash
Current car value (with damages): $16,000
Current car value (without damages): $17,000 (not worth it)
Current car -> cash
CarMax estimated amount they'd pay for my car: $15,500
Toyota Richardson:
estimated amount they'd pay for my car: $16,000
Possible candidates
2015+ Mercedes-Benz CLA250
What car would you even get?
2016+ BMW 328i
2016+ Audi A3, A4, or A6
Wait, why are these all luxury cars?
Wait, why are these all luxury car brands?
While these are all very nice cars, they actually aren't much more expensive than a Honda or Mazda, thanks to depreciation! A 2019 Honda Civic with 43,337 miles is $24,973 and a 2019 Mazda 6 with 36,104 miles is $23,490. Despite what I expected, a 2018 Mercedes-Benz CLA250 with 39,342 miles is $24,999, a 2015 Audi A3 with 33,780 miles is $19,450, and a 2018 BMW 320i with 40,864 miles from Sewell BMW is $24,488.
With more miles, BMWs with about 60,000 miles are under $20,000. An Audi A6 with 62,001 is $19,991, and a 2017 Mercedes-Benz GLA250 is $21,896.
With more miles, BMWs with about 60,000 miles are under $20,000. An Audi A6 with 62,001 is $19,991, and a 2017 Mercedes-Benz GLA250 is $21,896.
Why do you deserve it?
I am a great kid so I'm sure this slide is un-necessary, however if you want some examples just ask me!
Why do you deserve it?
Why now?
Well, I'm elated you asked! Right now, the used car market is the best for people looking to sell and replace a car than ever before. Because of the demand for cars, dealers are offering more than ever for used cars, although that is decreasing as we speak. Because of the demand for used cars, some dealers are upping prices; in contrast, other dealers are going below Kelly Blue Book value for car sales because the volume of sales they can make now is much higher, because people are deterred from other dealers by prices and still need a car.