Hi everybody!
I need a car. Theres a GSA auto auction (government cars sold at auction) tomorrow in Salt Lake City. I've attached a spreadsheet for 9 cars I'd be interested in buying. I've checked the ratings for these cars & how much they are currently going on craiglists.
After thinking about it... Is this good for my mustache? Looking at how often I go get gas, I refill an average of every 2 weeks. I currently drive a 2007 Chevy Malibu. 30 mpg average. My tank is a 12-13 gallon tank so I'm driving 360 miles a week. You're probably thinking, "why are you buying a car if you already have one?". I'm helping my brother (selling car to him) who will be coming home within the next month. I'd also like a new car okay? Dammit I'll admit it!
They are 2-3 years old. So a lot of depreciation has been taken by the government (thanks Obama). I feel like most depreciation of car is during the first 5 years, so I have a hard time thinking I will still take a big hit for the next 2-3 years.
Long story short, 10k on a 2-3 year old car to drive 360 miles a week. How smart/dumb am I?