To Hybrid or Not - resale?
I have a 2004 Audi A4 1.8T convertible presently. I drive about 18K-20K miles a year and my car has 52K miles on it. I am leaning towards trading in my car since I know the Audi will not be cheap to maintain past its warranty. Trade in is around $25k and I have $9k equity in it.
I want another convertible, but there is nothing out that interests me except for the new Volvo C70, but they are getting MSRP and I know it will not hold it's value that well (based on traditional Volvo resale values).
I am thinking of getting the Camry Hybrid since I drive a lot of miles. It would be loaded (no convertible = get the toys). Assuming I pay about $31K and only pay sales tax on the diff of the trade in. Combine the tax credit and one year of payments - I will owe about $17K after one year. What would you expect the trade in resale of a 1 year old TCH with 20K miles? I would think about trading in the TCH for another convert at that time (wouldn't a hybrid convert be nice?).
Thanks for the read and info.
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