Sell First Or Buy First? Choose Your Risk
Someone's got a 2016 Honda Accord with 215,000 miles that they bought new and maintained the whole way. No savings set aside for the next car. They're eyeing a $30,000 2020 RAV4, and think they can walk away with about $7,000 between selling the Accord and a motorcycle. The question they're asking is the one almost everyone asks in this spot. Do they sell the old car first or buy the new one first? That framing makes it sound like a scheduling problem. It isn't. The real question underneath it is which mistake this person can actually afford to make,