The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Cannot Wait! on April 18, 2015, 04:17:15 PM

Title: Car trade - should I do it?
Post by: Cannot Wait! on April 18, 2015, 04:17:15 PM

A 2006 Jeep TJ Sport with 132,000 kms for a 2008 Toyota Prius with 105,000 kms.  Both in great shape.
Even trade, what say you? 

Title: Re: Car trade - should I do it?
Post by: GlobeTrttr on April 19, 2015, 08:18:51 AM

You need to appraise both from multiple sources (Edmunds.com or similar) to see if they're valued the same in your area. 

I don't know much about the longevity of hybrids (battery life) but I've seen plenty of Prius and Camry taxi cabs with well over 200k miles on them, FWIW.

Title: Re: Car trade - should I do it?
Post by: NateC on April 19, 2015, 10:07:52 AM

Jeep TJs hold their value. I would bet the Jeep would sell for thousands more than the Prius.

Options in each vehicle matter a lot as well.

I see you're using kms, so I assume you are in Canada. Not many people here want a Prius and used Jeeps are expensive.