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9 sats \ 8 replies \ @PictureRoom OP 1 Feb \ parent \ on: A question on purchasing a used car AskSN
The car (honda fit, 2016) would be around 16k. I'd probably sell my car to a dealer and get around 1k for it (2004 honda accord, 200k miles). Ideally, i'd use that cash from the sale and contribute that to the IRA funds.
However, I proposed the idea to my dad about if he were to front the fiat, I would give him the amount of bitcoin for it. That way he can have some exposure to it and have it KYC. Sounds good I think.
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Thats a great idea
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if you have an accord, you could probably get a whole new engine w/ turbo for 16k.
keep the accord for another year or two.
dont let the the money burn a hole in your pocket.
I've been drivng a rusty 90s beater for 10 years (250k+). recently picked up a 2006 Honda element (180k) for $2500 USD.
save your funds
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Yeah, I'm going to try and milk my accord for as long as I can I think. It has 222,000 miles on it, but its all long drives and I drive with my cruse control like 95% of the time. It's a good car, but just leaking some oil and such right now. Had it looked at and seems its a gasket issue
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good idea to trade with your dad
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Would you get more selling privately? I know where I am privately also gets you more money. Are you able to access any low rate car loans?
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Yeah, selling privately would be better for sure. It's just more convient to sell to a dealer, but Im flexable. Not sure about the car loan rates. To be honest, I've never had a loan, nor completly understand how they work. Care to share?
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go to dealer at end of the month to buy car, best time to buy car
I would wait until Feb 15
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