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Sold my 97 Prelude for $5k around 6 years ago. It sat there idle for maybe 8 months and I recently found out I was going to be a Dad. Market price for it was probably around 10k back then, but I didn't care. At some point, it just became a hunk of metal that just sat there and was slowly deteriorating and depreciating. I was and still am happy with commuting by public transit. And honestly, I loss passion for driving at that point in time (the daily point-A to point-B driving at least).
From that day onwards, we kept an SUV as our family car. And every year, I'm glad I made that decision. Because when it's time to contribute to my two kids' RESPs, I realize that that $5k could easily have evaporated into insurance+gas just to have a car under my name.
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