People seem to get hung up on the word "worth" because they tend to think in terms of how much someone else is willing to spend to buy it from you. But to me, "worth" means a lot more than money.
I drive a 2001 Buick Century: basic, paid for, reliable, comfortable, safe, decent mileage, comfortable on long trips. It is an awesome car and I can easily get another 10 years out of it. KBB says it is worth about 4500, and craigslist has similar ones going for 3000-3800.
But with that money, would I be able to get a car as good as mine that will last another 10 years? Not likely. To do so, I would have to spend roughly $9k, so that is what my car is WORTH to me...replacement cost.
I don't expect to get that much money, but I don't care, because it is not for sale!
So what is your car WORTH to you?
I drive a 2001 Buick Century: basic, paid for, reliable, comfortable, safe, decent mileage, comfortable on long trips. It is an awesome car and I can easily get another 10 years out of it. KBB says it is worth about 4500, and craigslist has similar ones going for 3000-3800.
But with that money, would I be able to get a car as good as mine that will last another 10 years? Not likely. To do so, I would have to spend roughly $9k, so that is what my car is WORTH to me...replacement cost.
I don't expect to get that much money, but I don't care, because it is not for sale!
So what is your car WORTH to you?