hmmmm....get a new car?

[Mursilis]

Originally posted by: Saga

Originally posted by: JulesMaximus

Originally posted by: Saga
Pretty much no matter how you look at it, buying new is kinda retarded.

How do you figure? I bought my car new and got almost $5k off MSRP and 1.9% financing on it for 5 years. It is paid for now and I'm the only one who has owned it so I know how it has been maintained from day one. I'd do it again in a second.

Simple rules of depreciation. Driving it off the lot is essentially 10-15%.

No, it's not in all cases; you're simply not getting the best deal you could. In Dec. '07, I bought a new Honda Odyssey minivan on close-out for just under $7K off factory sticker, between factory rebate and dealer price reduction to clear out the '07 inventory (they'd been receiving '08s for at least three months). Once I got a quote from the dealer on a new one, I did in fact try to find a recent model-year used one for anything close price-wise. There was nothing under 50K miles and less than 3 years old for the same price. Absolutely nothing. Plus, any used model would have a shorter warranty (if any at all). Every single used one I looked at was within $1K of the price for a new one, thanks to the incentives, etc. If you look carefully and get lucky with companies looking to dump inventory without regard to profit, a new vehicle can be the smart choice. It was the same thing this past winter/spring with Miatas I was looking at. At one point Mazda was offering $5K(!) in rebates, and dealers were willing to take a loss, such that loaded Miatas were going for up to $9K off MSRP. You simply could not match that with a recently-used car.

 

[cheesehead]

Keep the car. Buying used cars means buying someone else's problem.

 

[BUTCH1]

Originally posted by: Saga

Originally posted by: JulesMaximus

Originally posted by: Saga
Pretty much no matter how you look at it, buying new is kinda retarded.

How do you figure? I bought my car new and got almost $5k off MSRP and 1.9% financing on it for 5 years. It is paid for now and I'm the only one who has owned it so I know how it has been maintained from day one. I'd do it again in a second.

Simple rules of depreciation. Driving it off the lot is essentially 10-15%. I go through daily drivers every 1-2 years, I always buy used with anywhere from 15-20 on the clock, sell around 30, usually only lose 2-5% of the value. Had I bought new and done the same 10k I would have lost 15-25% of the value on the average car.

My grandfather always said, never buy a used car, and never buy a Ford. One out of two isn't bad.

Yea, we get it about the depreciation, Jules's point is you never really know how a used car was treated. I bought my car new and have all the receipts for the maintenance done on it but it your buying it from me how do you know if it's had the shit pounded out of it since day one?. Simple answer:, you have no friggin idea..

 

[Engineer]

New vs used...if nobody bought new cars, the supply of used cars would simply dry up (or become so old that they would not be worth buying). If you are a used car buyer, you should encourage everyone else to buy new so that your choices would be greater and your price would be lower......simple supply and demand.

 

[stag3]

sell it and get the mazdaspeed3, you can find those pretty cheap now, unless you really want a sunroof

 

[Gibson486]

Originally posted by: Engineer
New vs used...if nobody bought new cars, the supply of used cars would simply dry up (or become so old that they would not be worth buying). If you are a used car buyer, you should encourage everyone else to buy new so that your choices would be greater and your price would be lower......simple supply and demand.

you mean like now?