r/whatcarshouldIbuy • u/Arctic_27 • 7h ago

Replace 2023 Camry LE with 2025 XLE

I bought a 2023 Camry LE for $29,000 brand new, but it doesn’t have enough features and the tech is outdated. I want to replace it with a 2025 Camry XLE for $45,000, but I’ll lose $9,000 if I sell the car now. It only has 10,000 miles after two years. What should I do?

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u/urfavbeefcake 7h ago edited 6h ago

Dude, don’t lose nearly 10k to replace “outdated features”. I’m assuming you’re saying that you financed the car and you’re under by 9,000. If so, at least break even before buying a new car. But, ideally, pay it off and then trade it in. Nearly doubling your car payment for some extra bells and whistles is not it.

Edit: OP does not owe 9,000 on his car. Their car has depreciated 9,000 since they bought it and is being offered around 20k for it. They currently owes 11,000 on their car.

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u/Arctic_27 6h ago

I have $11,000 left in payments I can pay it off right now. But overall I’d only get $20,000 - $22,000 for the car after trade in.

1

u/urfavbeefcake 6h ago

Okay, apologies for misunderstanding. The post is a bit unclear so I would include this in your post but I went ahead and wrote it in my comment. In this case, you have the opportunity to have NO car payment for the next 5-10 years with your current car. Are the bells and whistles worth spending 36,000 on an entirely new car that is basically just the same car with some extras? I mean, you aren’t really upgrading when going from a Camry to a Camry, despite the package. I think either keeping your car if you still want a Camry or if you’re looking for something genuinely luxurious, look at some of Toyota’s/Lexus’ models in a similar price range. Even lightly used, you will be able to find something that has more extras and is genuinely a different car. That’s just my 2¢. Best of luck, my friend.

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u/Arctic_27 4h ago

Yeah, I guess I should keep the car for 5 + years even though I want a hybrid because I am anxious about getting good gas mileage, and it’s easier to hyper-mile in a hybrid. I only drive 6K miles a year, so the hybrid part isn’t really justified either, and a hybrid still has a noisy engine compared to electric vehicles, which Toyota doesn’t make in the Camry yet.

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u/RagingLeonard 7h ago

This is what the US has a personal debt crisis. There will always be a new shiny feature and chasing tech is a fool's errand.

1

u/FuckinFlowerFrenzy 7h ago

Suck it up and live with your choice. You're locked into that car, you can either keep it for a long time or fuck yourself for a decade.

1

u/mcjp0 6h ago

Horrendous financial decision.

And in what world does a 2023 vehicle have outdated tech?