I’ve Now Owned My 2004 Honda Element for a Decade; Looking to Trade It In

I’ve Now Owned My 2004 Honda Element for a Decade; Looking to Trade It In Now

It was a decade ago, in January 2006, that I got my first real job out of college. And 10 years later, I’m still at the same place; which is unusual these days, especially for a Millennial like me.

Just a couple of weeks after I got hired, it just so worked out that I was able to get my dream car: a Honda Element.

It’s been a wonderful decade. I’ve had no mechanical issues with it. It’s been faithful.

My Element was the car that my wife and I took our first date in.

It’s the car that I’ve carried our son to and from day care/pre-school each day for the past 5 years.

I’ll always remember the first time I ever asked him a question and he legitimately answered me; it was as I was placing him in his car seat in my Honda element when picked him up from school one day.

I asked him what he did that day at school that day.

To my amazement, he answered me, “I played.”

My 2004 Honda Element has been a great car. I still love my car and I wish they still made Honda Elements.

However, we have another child on the way, due in April. The plan is to trade in my Element for a new car by the time she arrives.

By “new car,” I mean “slightly used” car. I personally fundamentally can’t see myself buying a brand new car when I can get a better value by letting someone else “drive off” the warranty; and therefore, much of the price for me, as I will be the 2nd owner.

I’m looking for a Honda Fit that has between 30,000 and (up to) 60,000 miles on it. That puts us in the budget range we are prepared for.

A week ago at Darrell Waltrip Honda, they evaluated my 2004 Element being worth $5000 as a trade-in. (It has 153,000 miles on it.)

I’ve Now Owned My 2004 Honda Element for a Decade; Looking to Trade It In

My wife and I are planning to trade it in for a “slightly used” Honda Fit. While Fits are smaller than Elements, Fits have 5 seat belts whereas Elements only have 4.

Plus, my car is mainly used just for commuting Monday through Friday; we always drive my wife’s Honda Accord on the weekends and on road trips.

Basically, I’m just looking for a newer, slightly smaller version of what I already have, but also with another passenger seat, as well as cruise control. The way I see it, a Honda Fit is what I’m looking for; a quirky commuter car that will hold its value, like my Element has.

My research has shown me that Honda Fits definitely hold their value.

Because my wife and I are faithful Dave Ramsey followers, we already have the cash in the bank to pay for our “new” car. It’s not that we make more money than the average household in Nashville, because we don’t; that’s not why we are able to pay cash.

It’s instead because we have live by a strict budget where every dollar has its place, so that we tell our money where to go… instead of our money telling us where to go.

We are not in a desperate situation where we have to hurry up and by a car. We obviously will not be making payments on it or paying interest. When the time is right and the perfect Honda Fit presents itself, we shall strike.

The money will be paid. The car will be purchased. Sale complete.

Our plan from there is to eventually trade in my wife’s 2006 Honda Accord for possibly a “slightly used” Honda CR-V.

I am happy about moving forward with a newer vehicle and I am happy for whoever ends up with my Honda Element next. Ole “Jedi” has been good to me.

As for now, a decade later, it’s a year of change and new beginnings.

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