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Trade In Time?
Posted: Thu Sep 29, 2016 11:02 am
by bikejon
I have a 2009 GT with 104k miles on it. I got it 3.5 years ago and put approximately 20k on it per year. I'm wondering if it's time to part ways while it still has some resale value? It's my second Vibe so I wouldn't mind something different. I was disappointed to see the resale value wasn't that great ($3.5k-5k).
OR another option is to hold on for a few more years and give it to my son when he gets his license. I read some folks here getting 200k+ out of their Vibes.
Thoughts? Insights? Hallucinations?
Re: Trade In Time?
Posted: Thu Sep 29, 2016 11:12 am
by vibrologist
Hold on to it and hand it down to your son when the time comes. Meanwhile you have plenty time to save $$ for a newer ride. Oh, and make him pay something for it. He will value the car better if he has something to loose.
Re: Trade In Time?
Posted: Thu Sep 29, 2016 11:29 am
by bikejon
Thank you!

Re: Trade In Time?
Posted: Thu Sep 29, 2016 12:24 pm
by Zimm
+1 on handing it down. so many kids get 1st cars that are money pits. vibes are super reliable!
also, make sure he helps you do maintenance work. kids these days need to learn that unlike everything else in their lives, cars don't have to be disposable and that if you can make one last, you'll save a ton of $$$ in the long haul.
Re: Trade In Time?
Posted: Thu Sep 29, 2016 1:42 pm
by thebarber
Keep it
Re: Trade In Time?
Posted: Thu Sep 29, 2016 3:00 pm
by bikejon
Thank you gentlemen. Appreciate your input.
Re: Trade In Time?
Posted: Thu Sep 29, 2016 4:44 pm
by MacGyver
My 10yo son is already eyeing my 09 Base.
Re: Trade In Time?
Posted: Thu Sep 29, 2016 4:58 pm
by vibenvy
Definitely hang onto it for your son!
Re: Trade In Time?
Posted: Fri Sep 30, 2016 8:11 am
by tpollauf
Agree with all others in handing it down to junior when the time comes. As far as resale value I think you looked at the WRONG year! Our 2009-10 Vibe Gt's are worth thousands more than what you posted! When I bought my 09 Vibe GT I was fully intending for my son to use it once he got his license back in the day. Well to my surprise he did NOT want to learn to drive stick shift (which is what My Vibe GT is

) so a couple years later we found him his own 09GT with an automatic. As responsible parents we met him HALF way with the purchase of it back in April 2011. The other half (appx. $6000) came out of his savings account! Five + years later no regrets at all!