2012 Acura TL SH-AWD tech package.
$54 000 and change CDN.
KBB canada site $14 800 CDN. (On the higher side of a trade-in value. We will do 55 000 - 15 000 = 40 000 CDN
I got 85 000 and change kilometers which translates to 53 000 miles rounded number.
75 cents CDN per mile. Which 75 cents equals to about what? 1 dollar give or take a couple of cents American?
Makes sense. 5-6 year old cars is where most of the depreciation hits when buying new. And I really dont have too many miles on the odometer. You would think that Id get a higher trade-in value for my car for having low mileage. But nope. I wonder if Id have more miles driven, regardless how much lower my trade-in value would be, if my cost per mile would improve?
Again, 5-6-7 year old cars is where the most depreciation happens on new cars so...
THIS is a reason why Im keeping the Acura a looooong time. Im gonna amortize her properly. If nothing catastrophic happens of coarse. Accident or a very serious repair cost.
Before getting married, Id change my cars every 5-6 years. Bought them new and change them. With a wife and kids to feed, that formula changes quickly...
My Impala SS. 2005. I changed her at 7 years. ONLY because some dumb driver backed into my front passenger door and dented the hell out of it. The door open and closed OK...the repair job was only gonna be 600-800 CDN dollars. But the thought of my car being dinged badly got me uptight. I wanted to keep her longer than 7 years but...
Also, I was getting at the point where many regular maintenance issues were about to show up like change the battery and other costly regular maintenance stuff plus the door window mount had failed. 300 dollar repair job the year prior. That same year I hit a pothole damaging a ball joint and control arm.... that I said..phoque it. Ill just use the money that Im gonna spend maintaining her on a new car. No more money on the Impala. So far I have not put money into the Acura needlessly. Im lucky for that.