10 Signs Boomers Should Sell Their Extra Vehicle in Retirement

Retirement changes everything including how often you drive. For many boomers, that second or third vehicle slowly turns into an expensive driveway ornament. Insurance, maintenance, and depreciation don’t retire when you do. In this video, we’ll cover 10 clear signs boomers should sell their extra vehicle in retirement and turn unused metal into real money and peace of mind.

Toyota Camry

So, like, the Camry. It’s that one car that everyone seems to have at some point, right? Super reliable, smooth ride, decent gas mileage, around 28 to 39 mpg depending on the model. But if you’re retired and barely driving because, you know, doctor’s visits and grocery runs don’t exactly rack up miles, maybe it’s time to think about letting it go. These still go for, what, $28,000 to $35,000 new? The resale value’s great, so you could easily pocket a nice chunk. Honestly, if you’ve got another car sitting there too, the Camry is the one you could sell fast without regrets.

Ford F-150

Okay, now hear me out, I know a lot of boomers love their trucks. The F-150’s like the holy grail of pickups. Tough, dependable, built like a tank. But, man, those things suck gas like it’s going outta style. If you’re not hauling stuff anymore, or the most cargo you carry now is golf clubs and grandkids’ strollers, maybe it’s time to cash in. These bad boys cost anywhere between $37,000 and $70,000 nowadays, and the used ones are crazy valuable. You might miss that strong engine rumble, but your wallet and driveway will thank you.

Honda CR-V

Oh, the CR-V, the “everyone’s SUV.” I mean, I get it, it’s smooth, reliable, easy to get in and out of, perfect for Costco runs. Around $30,000 new, give or take. But if you’re retired and your kids moved out like, a decade ago, do you really need all that space? It’s basically a garage ornament at that point. I know, it’s hard to part with something that’s never given you trouble, but that’s exactly why now’s a good time to sell before you start hearing weird dashboard noises.

Chevrolet Corvette

Okay, okay, now this one’s a little spicy. The Corvette. Look, I totally understand the dream, that one “fun” car you promised yourself after years of working your butt off. But let’s be real, how often are you actually driving it? Once a week? Once a month? Maybe just enough to remember how touchy the throttle is? These can easily run from $70,000 all the way past $100,000. It’s gorgeous, but if you’re more into quiet weekend coffee than drag strip vibes, maybe it’s just sitting there, looking pretty and doing nothing.

Subaru Outback

So, the Outback, love that thing. Rugged without being obnoxious. It’s like the friend who hikes occasionally but still enjoys city brunch. Around $30,000 new. Great if you’re heading to the cabin a few times a year. But, come on, if the “cabin trips” have turned into armchair travel (no shame there), that AWD wagon might just be extra metal you don’t need. It’s still in high demand, so you’d get good money back. And fewer maintenance reminders, which, honestly, sounds heavenly.

Mercedes-Benz E-Class

Ah, the E-Class. I swear, every boomer who made it into senior management bought one at some point. Smooth as butter, gorgeous interior, techy without being too much. But here’s the thing, those service costs? Oof. Even little fixes feel like a mortgage payment. With new ones floating above $60,000 and used prices still high, it might be smarter to sell it now before the warranty runs out and something electrical decides to quit on you.

Jeep Wrangler

Cool factor? Off the charts. Comfort level? Ehhh… questionable. Wrangler folks love the whole outdoorsy vibe, doors off, roof off, sun in your face. But if your idea of adventure’s shifted more toward, say, crossword puzzles and cruises, maybe it’s time to wave goodbye. Usually around $38,000 to $50,000, depending on the trim. It’s still got amazing resale value, and honestly, you’d be surprised how fast they go on the market. Plus, no more climbing into that stiff cabin every time.

Lexus RX

Oh man, the Lexus RX, such a comfy ride. The kind of SUV you buy when you say, “I’m done compromising.” Quiet, plush, buttery smooth. But they’re also around $50,000 new, and even used ones fetch a solid price. Great car, but if you’ve got another vehicle as your daily driver, the RX might just be sitting under a layer of garage dust. Not saying you won’t miss the peaceful cabin, but the thousands you could get might fund a few beach vacations instead.

Mazda MX-5 Miata

Ah, the Miata, that happy little two-seater that reminds everyone they’re still young at heart. You can’t help but grin when you drive it. Super light, zippy, fun! But, uh, if your knees have started protesting every time you get in or out, maybe the romance is fading a bit. They’re about $30,000 new, and enthusiasts still snatch up used ones like crazy. You’d probably find a young driver who’d love to take it over and actually, you know, use it.

Dodge Grand Caravan

Oh boy, the Grand Caravan. MVP of family life. You probably bought it back when every weekend was a soccer tournament and every seat had a juice box stain. Now? It’s just… too big, too empty, too nostalgic maybe. These ran around $28,000 back in the day, but good used ones still move fast because families love them. If your grandkids visit occasionally but you mostly drive solo, downsizing just makes sense.