2012 Chevrolet Cruze LS What's it Worth?
Kelley Blue Book|true&condition=very-good&pricetype=trade-in
2012 Chevrolet Cruze Sedan 4D 2LT Prices, Values & Cruze Sedan 4D 2LT Price Specs | NADAguides
http://www.cars.com/go/alg/index.jsp?makename=Chevrolet&modelname=CRUZE&year=2015
Auto Loan Calculator - Car Loan Calculator - Cars.com
Manheim or Black Book auction pricing would even be lower than the low here, which unfortunately is what a lot of dealers use to weigh down the trade in value. The hard truth is auction pricing is closer to the “real true value” because it sets the prices.
Mileage and averaging accounting for the regional Michigan car cancer is a real killer on values.
The links might require inputing data again. Looking at the Cars calculator and and spitballing an average new car price of $20,000 at 2.9 percent for 60 months and a trade in and maybe down payment total of $5,000 gets you a $288.58 car payment.
Do you expect to have and average of $290.00/month or $3,480.00/year in repairs?
How about putting what you do not spend on repairs per year of what you would pay in new car payments in a 401k or index fund or ETF and have some time value of money working for you? Just some Dave Ramsey mind control taking over! After all, he does say he would ride a bicycle than make a car payment, and that car payments are a sure way for the mediocrity of not rising above middle class..or even lower.
Just a little food for thought to make life's decisions even tougher:grin:
Edit: The way the stock market is going, maybe a car would still hold it's value better! Gold anyone? Ammo, dehydrated or freeze dried food? Maybe all a safer bet.:signs053:
Cheers,