A 2 year old car is NOT an “older” car! And there are PLENTY of Volvo specialists who don’t work at the dealership. And surely several are much more reasonable than the dealership.
@jym626 My major is Accounting with a minor in either Finance or Political Science, haven’t decided just yet. Ah well, I calculated after my 5-year Accounting Degree/MBA program, I should just be touching around 108 to 110k in student loans. I will basically leave school with my BS and MBA plus my CPA license hopefully. That is true but still, a new car has that new car smell ya know! lol.
This has to be a joke.
CPA licensure typically requires a full year of working under a CPA in addition to passing the four exams so it is unlikely that you will be able to graduate with a CPA.
Nevertheless, you make a good point about “new car smell”. Of course, you will need to bring in a valuations expert in order to assess the worth of that odor. PRO TIP: Do not use any valuations expert recommended by your car salesman as there is a chance that he or she may not be totally unbiased.
We are wasting our time. So silly.
Well, since I am free today, I’m heading back to the dealership to see if I can negotiate a better price and to give the cars one more test drive. And as for @momofsenior1 , It is not at all. Just a simple sophomore looking to see if the upgrade is worth it. Despite the negative comments, I still appreciate everyone’s input.
why do you care about 5 years of maintenance? You barely lasted 2 years with this car… what makes you think you will actually make it 5 years before something newer (and smells better) comes along?
I own Volvos which I have always had serviced at the dealership. Here is my opinion…if you can’t afford the service on this car once the warranty ends, you can’t afford to own this type of car.
Your plan to spend more money to trade in a 2 year old car is beyond ridiculous. Even off lease Volvos are three years old.
You are gaining nothing by trading in this car…
And as noted above, this $70,000 or so car is likely purchased in your parents name anyway…or at the very least, they paid the cost for this vehicle.
If you can’t afford the maintenance costs for a Volvo, maybe you should consider a Toyota, or Nissan, or something else that costs half the purchase cost of your Volvo high end SUV, and where the service will seem like a song.
Frankly, you come off as a bit of a braggart.
Well, as I sit at the finance office waiting, I’ll answer more questions.
@lucyvanpelt I wanted to upgrade and I know I won’t upgrade again soon since Volvo rarely updates their cars outside a ten year period. The XC90 was introduced in the early 2000’s and it was only updated in 2016. The XC60 was introduced in 2008/9 and was only redesigned in 2018. So, the new XC90 shouldn’t be updated until 2030.
@thumper1 The only thing my parents are doing is being the cosigner on the vehicle. I am the main owner of the vehicle in the end. And as for considering something Japanese, I owned a Mitsubishi Outlander before and as much I liked it, I wouldn’t go back to the Japanese after being with the Swedish for so long. Plus, as I said before, if I were to go for a brand Nissan or Toyota, then that would be a step down in my opinion. Sorry if I come off as a braggart, I just tend to shield my ego like any other red-blooded male would.
Take a personal finance course. You need one.
@thumper1 I already did. A bit boring if I’m going, to be honest. Talked about being stingy till you’re at your death bed and then only you can spend a dollar before dying. Life is too short to not enjoy the small things in life.
On an unrelated note, why does the finance part always take the longest in the vehicle buying process? Like sheesh I got other things to do.
I had a XC60 from 2013, good car and is still running very well now. But the maintenance does get more expensive (we go to a trusted local mechanics, not the dealer for maintenance).
We recently need to have a larger car so XC90 was one of the cars we test drived. We ended up with another brand because XC90’s third row is not as spacious as the car we ended up buying. I’d say XC90 is really a “big” car for a college student, (so is XC60, tbh), which is to say you are paying more for gas efficiency. But I guess if money is not really a concern here, give Audi q8 a look. 
My advise is to upgrade and spend the money. Your going to do what you want anyway and you don’t seem to value money anyway since you apparently have enough of it. Hope your doing some good work with it though.
Plus I like spending other people’s money.
Like Citizen Kane, I presume?
FINALLY, @makemesmart someone that doesn’t want to kick my head in for wanting to trade in due to maintenance. Your situation with your XC60 is what I’m trying to avoid. And honestly, as much as I love Volvos, the 4-cylinder engine that they use always got me feeling a little neutral. However, the Q8 was definitely on the cross shop list. If the deal falls through with the financing here then I might just hop over to the Audi dealer which happens to be across the street actually from the Volvo dealer I’m at.
Don’t forget to take the people who will actually be giving you the money for your new car…those co-signer parents of yours. I seriously doubt that you have the income yourself to get financing for a new car. Unless, of course, you are a trust fund baby. But then if that were the case, you wouldn’t be whining about maintenance for a 2 year old car.
In post #61 the OP says he will have about $110K in student loan debt, yet you can buy a 76k car, make payments and insure it? Hooey, poppycock or other words I shouldn’t say.
If this is real, this OP is the poster child for why there shouldn’t be debt forgiveness.
@CottonTales I’ll have 110k by the time I graduate. Not right now. Well anyway, we just finished up and I just got done with the new car delivery process. It would be shipped back home to my home state to get Xpel paint protection and other registration/insurance stuff done up. I can’t tell you how giddy I am to finally have a hybrid for the first time. To conclude this rather adventurous thread, to thick and thin, I managed to make a solid sound decision to stay as a Volvo owner for the next 8 years.
God speed everyone!
@momofsenior1 What makes you say that? Debt forgiveness is a wonderful thing that is quite useful in the business world and finance world.
OK- I’ll play.
1.The OP isn’t on the hook for a dime of the car loan. His parents are. He can walk away from the loan and not pay a cent and they will be on the hook… or it will get repo’ed.
. You just finished your freshman year. Assuming you started right out of HS you are what, 19? Maybe soon 20? So if you had a Mitsubishi first, and you’ve had your current car for maybe around 2 years or so, when did you start driving/get your first car? You haven’t “been with the Swedish for so long”. That’s ridiculous. And if 2 years feels like “so long”, 8 years will be an eternity.
- You think you are going to keep this car for 8 years when you just turned in a 2 yr old car? I'll bet my socks you'll be pushing for a new car at graduation. How long are you financing it for? At what interest rate?
- You are taking on the expense of having the car shipped to your own state and paying for extra paint shield protection (that's usually a few grand) yet you whined about paying for maintenance? Hogwash. And you are buying the car out of state which means your parents aren't there to sign the finance documents? Double hogwash.
- You claim you will be the "main owner" meaning it will be titled in your name? Your insurance will probably be very high-- especially if it has to be insured in another state and not part of your parent's family discount. And if you get into an accident that is your fault, you and your parents will get sued. And the value of the car drops like a rock the minute you take it off the lot.
If you don’t know any of this, you should change your major to History, as that may be more a propos. Actually, maybe majoring in theater or comedy is more in line with all this. Very entertaining thread.