I brought my cx-5 touring in 2014(California), I am thinking about selling it next year or 2018. I don't know anything about car selling, so can anyone tell me is it better to sell the car at 3 years old or 4 years old for best value. I know it is better to keep your car up to 7 years at least, but I just like buy new car every few years.
How long do you planning to keep your cx-5
- Thread starter hek8560
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Unless you have money coming out of your ears, I would just keep driving it and saving money. The CX-5 is looking to have very low long term ownership costs.
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- RDX Aspec Adv.
I plan on keeping it forever, honestly. It's a great little daily beater, super cheap to own and maintain, and I'm looking forward to buying a fun vehicle again in the future, and want this for when it's going to hail, etc.
C
CX5_Pete
Well, its hard to give a simple number. It depends on how many miles the vehicle is being driven per year, existing warranty, etc. Having said that, I had a boss that would get a new car every 3 years, but she leased it. Her tax guy said she could get more deductions from it or somehting. So she had a nice new car every 3 years or so and just worried about payments. Maintenance was included in her negotiations so all she had to do was just drive the thing. But in your situation, maybe leasing might suit you since you wont have to worry about selling it and depreciation. Only drawback to that plan is the hassle of negotiating a lease everytime and worry about going over on the miles. To answer your question, to get the best resale value is to sell a vehicle with low depreciation (like a Toyota Tacoma), keep the mileage low (less than 12,000 miles/year), and make sure it looks nice.
I plan on keeping the CX-5 for as long as I can. If it was going to be the last car I will ever buy, I'd be pretty happy with it.
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2 more years. I will be looking into the CX9 when it arrives in the summer. If I like it I will buy year 2 of it's model year.
Chris_Top_Her
Contributor
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- San Antonio, Texas
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- '15 CX-5 Miata AWD
Prolly for a long time. I might be a cx5 guy like a miata guy. But if a factory boosted option appears, or the tt diesel, I'd probably trade for one at some point, if not wait a yr or 2 and grab it used
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- RDX Aspec Adv.
I would have gotten initially, sure, but that far in, I certainly won't. It just adds complexity and a chance to break, and I want to have a fun second vehicle rather than this thing slightly tarted up. I might would replace it in 8-12 years with one, though!
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- Plano, Texas, USA
Exactly. Not interested in turbo's. Would be more interested in a SkyActiv-G V6 for bigger vehicles.
Chris_Top_Her
Contributor
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- San Antonio, Texas
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- '15 CX-5 Miata AWD
Just extra maintenence considerations. I'm fine with that. Just like owning a rotary or a even flying a plane. Or owning a evo/subie etc. The people on the pages with with 100k+ evos and stis do regular maintenance and enjoy thebboosted performance.
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- Plano, Texas, USA
We sure have plenty of senior citizens around here. We purchased a '98 Honda CR-V and had similar thought in mind - driving for 5 years and let our high school kid to have it. We'd be a little worried to let our kid driving a 100K-mile+ car which may have more risks breaking down. Turned out the CR-V not only served our first kid well, but also is driven by the second kid for another 8 years and more! I'm really impressed by the quality and reliability of our CR-V at 173,066 miles with minimum maintenance. Until these days I still have neighbors or strangers stopping by and asking if we're willing to sell our CR-V! I hope we can pass down our CX-5 to our grandkids if it can be as reliable as our CR-V!
I haven't had a car payment since I was 24 years old. And it was only $54.00/month! (rofl2)
I paid it off in one year and have been debt-free ever since! (drinks)
I'm shocked you didn't buy another CR-V instead of the bare bonez, crappy stereo, mirror shaking, uncomfortable non-memory seat, dangerous, thin skinned, cheap windowed, poor MPG, bad radio reception, crappy tire, and otherwise, questionable CX-5!
What the hell were you thinking?
Initially I only planned on keeping it for the 3 year lease term. However I enjoy driving it so much that I'm already planning to buy it out and drive it for the next 10-15 years. I only put on 11,000 or so miles per year, so 10 years would barely crack the 100K mark. With the correct scheduled maintenance, and me doing my part to keep rust issues at bay, I have no doubts that it will still be going strong. My fiancee just leased a Mazda 6 GT for 3 years and is also planning to buy it out at lease end. With the lease incentives and low money factor, the math supported a lease and buyout versus a straight purchase.
Buying a new car every 3 years will cost you a fortune. If you like owning different cars frequently, you are far better off buying used cars, when you can find a below market deal, and reselling them later at market value. The depreciation is less, and buy-low-sell-high can reduce costs even more.
I intend to keep my CX-5 for seven years. All cars start to have problems after seven years.
Planning to keep the car for 7 years (so 4 years to go). Might keep it for 8 years, if the intended replacement vehicle is in its 1st year of its new gen. Will obviously dump it sooner if it gives me trouble. We keep most of our vehicles for this long and we typically pay cash. For the 3 we own we took financing because we got a $850 discount. However, we paid the loan off in 3 months.
Keeping it for 4 years, instead of 3, will typically be better. In both cases you keep the car in a period where it loses a big chunk of its value, i.e. it is best to buy a 4 years old car, because it is fairly new but much cheaper!
7 years here too. Good balance of trade-in value and time before expensive maintenance begins. 7 years usually represents a full generation leap also.
Plan to keep as long as possible. Definitely need to be back in a mustang within 5 years for sure though. If I ever find a job that doesn't require snow time driving, I'd be in a mustang right away. But I hope to have both in the future. But as of now, I am happy with the cx5 with no intent of getting rid of it. Ever.
10 years or more. The car is 2 months old now and it will be paid off in the 2nd year. I got the 10 year warranty and maintenance package so cost of ownership is going to be really low. It gets good gas milage for a awd suv too.
The only way I can see myself getting rid of it earlier is if they come out with a newer version that I must have. I would love a turbo version, but don't want the MPG hit. So if they manage to get around the same with it, maybe.
The only way I can see myself getting rid of it earlier is if they come out with a newer version that I must have. I would love a turbo version, but don't want the MPG hit. So if they manage to get around the same with it, maybe.
