Have an offer for my car for ~$12K more than I currently owe on it. I don’t currently drive much (WFH) and can get everywhere I need to with public transit and Uber for a few months. Does it make sense to sell?

likesmart
Posting as :
works at
You are currently posting as works at

Sell now while the prices are insane, and then hold onto that money to buy a replacement car when prices go back down.

like

BDO1 I live within walking distance of public transit and could reasonably get around fine without a car for a few months. I’d just have to use my apartment gym.

Don’t forget you can always rent a car if you need to get out of the city

smart

Depends on if you will need it to get to client sites in far away places. Where I live, this is the only reason I hold onto my car, as public transport could take 3 hours 1 way to get to a client site or $50+ each way for an Uber. You decide.

I’m on a long-term client for at least the next 6 months that, if I needed to be on-site, would require a flight, so not really an issue.

Unless it’s a classic the price of a car will always depreciate so if you don’t need it, cash out

That’s the main reason I’m looking to sell. When else can you pull in such a big profit on a used car?

like

I’d sell immediately!

I have holiday travel coming up or I would

Sell it.

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