Quote:
Originally Posted by LivingAlmostLarge
No, can't splurge. I plan on having kids in the next 2 years probably. And we'll probably have 2-4. So I'm thinking long term.
Is it practical to buy a used car to trade it in when we need something large? Get something fun then move to something practical?
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Any time you buy and sell a car you'll incur a transaction cost, much like your investment account.
Unless you are very very savvy with your car, there are only 2 non-classic cars I know of that can hold their value to make it worthwhile: 93-98 Toyota Supra Turbo 6-speed, 97-98 Acura Integra Type R. Both of these are under 25 years old. Classic cars are 25+ years old.
Otherwise, Porsches tend to hold their values well, but you'll have to spend a hefty amount to buy them.
I don't think it's worth it. Just get what you want and run the car into the ground without pouring too much money into it.