- May 4, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Considering Selling a Fully Paid Off Car
I have a fully paid off car which currently has a market value of €26k-€30k. It was bought new in 2015 (€55k) and haven’t had any problems with it so far 🤞.
### Reasons to Sell:
I am currently working remote (it could change to hybrid at any moment but that’s a different story) and so I’m not using it that much. My wife has her own car. Downsizing from an SUV to something smaller / electric, no kids in sight for the next couple of years. It’s a land rover, which I’ve been lucky with for 9 years (no problems). Heavy on fuel, 2.2L diesel & manual (no problem for me that it’s a manual but if my wife’s car breaks down, she’ll have a hard time). If stuff starts to break, it’ll get expensive because it’s a land rover.
### Reasons to Keep:
Paid off & depreciation has had its toll. Comfortable. Mechanic in the family that has seen 1 too many land rovers so fixing it is not such a big problem.
The consensus around me is that I should keep it since it’s paid off and depreciation has already hit so finding an equivalent car as a replacement will be expensive.
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****** just grabbed a
MB E-class?
Is 26k what you’ll get or what the dealer will ask if they sell it as that value sounds pretty high for a 9-year old car with a manual transmission diesel (so guessing not a luxury or top spec car).
Get a real price offer but I think selling it will only cause you to spend more on a new car, while this one has another 10 years left in it. By that time EV’s will have matured further, early EV’s like I3, Leaf and model 3 are already becoming pretty affordable.