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this post was submitted on 28 Jan 2024
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What is the resale value of a car that most people would not touch with a ten foot pole?
Not great. Mine is in good shape (just had its first repair, ignition coils), and its worth is $4k on Kelly blue book.
I would love to pitch it, just for the driving experience (only car I've ever had that feels unsafe), but all the depreciation that can happen already has. It would be stupid to sell it now, I'd be throwing away thousands.
So are you going to sell it when the price falls even more? Or wait until it becomes vintage?
I've essentially already paid depreciation, so I'm going to drive it until the wheels fall off and sell it for scrap.
Unfortunately, it is a soul, so it is absolutely not going to become vintage lol.
Dude'd probably just drive it till it becomes irreparable.
If it's not an econobox, then you'll still get blue book for it anyway, despite being a Kia. Genesis Coupes are still going for about for $15K, for example.