So why do people MUST buy a BRAND new car?

[Ornery]

...2-3 year used car is the best value...

I disagree. After 32 years of driving, I've NEVER had a car payment. That's EXACTLY why I was able to buy a home, despite 18% interest rates!

 

[JACKHAMMER]

It is funny how people talk about absolutes. It really depends on the car, and how much you drive. For me, I buy new (although I used to be a used only kind of guy). I need a car that I can rely on, and a new car is it for me. Let's talk financials:
Example
New 2000 Civic ~14,400
USed value today - $8000
Cost to me for running for 5 yrs - $6400

---Not that bad, and I don't have to worry about major maintance yet (timing belt etc) so coasts are minimum. Someone will buy from me for about $8k and then have to almost immediately havde to do $600-1k worth of maintance. Worth it too me, and as you can see as long as you buy a car w/ good resale, it doesn't cost that much for peace of mind.

 

[TuffGuy]

Originally posted by: waggy

Originally posted by: TuffGuy
Cuz they can't afford a new car. Same reason why some people buy a car 3rd and 4th hand ten years down the line.

EDIT: I prefer a new car because it comes with full warranty and I know that the car hasn't been abused.

actually that is wrong.

I know a few people who can afford new. but prefer to buy a year or two old car.

Not everyone thinks new car's are worth the money.

It's true more often than not.

There's no logical reason (to me) to want a car that's out of warranty, has expensive maintenance services coming up, tires and brakes are worn out, etc...

 

[vi edit]

Originally posted by: DaWhim

Originally posted by: vi_edit
Because some people feel it's worth the cost. Others don't.

wrong. some people know about finance. most don't.

And to some people the peace of mind of a 3-5 year bumper to bumper warranty is more than worth the price of admission. Plus you get newer body styles, better saftey features, possibly a bigger redesign, ect. You can't compare straight dollars to dollars.

There are some intangibles that come into play.

Yes. A 3 year car will almost always have a lower sticker price. But to many people the comfort of having it brand new is worth the extra money.

Plus as you go up in prices, your used bargains tend to drop down a bit. If I have $10,000 to spend, yeh I'm probably a lot better off getting a 3-5 year old Nissan or Toyota or GM product instead of a brand new Kia crapwagon.

But if I'm looking to spend $25,000 on a vehicle, I'd much rather have a nicely equipped brand new Accord than a 3-5 year old luxury vehicle that probably has nightmarish repair and insurance costs.

It's not black and white.

 

[PlatinumGold]

Originally posted by: vi_edit

Originally posted by: DaWhim

Originally posted by: vi_edit
Because some people feel it's worth the cost. Others don't.

wrong. some people know about finance. most don't.

And to some people the peace of mind of a 3-5 year bumper to bumper warranty is more than worth the price of admission. Plus you get newer body styles, better saftey features, possibly a bigger redesign, ect. You can't compare straight dollars to dollars.

There are some intangibles that come into play.

Yes. A 3 year car will almost always have a lower sticker price. But to many people the comfort of having it brand new is worth the extra money.

Plus as you go up in prices, your used bargains tend to drop down a bit. If I have $10,000 to spend, yeh I'm probably a lot better off getting a 3-5 year old Nissan or Toyota or GM product instead of a Kia crapwagon.

But if I'm looking to spend $25,000 on a vehicle, I'd much rather have a nicely equipped brand new Accord than a 3-5 year old luxury vehicle that probably has nightmarish repair and insurance costs.

It's not black and white.

isn't that exactly the example i posted above?

 

[vi edit]

isn't that exactly the example i posted above?

Pretty much. But some people need things repeated to them.

 

[Ornery]

There's no logical reason (to me) to want a car that's out of warranty, has expensive maintenance services coming up, tires and brakes are worn out, etc...

Fvck, the cars I prefer cost about $40,000.00 new! I can buy 'em used for a few grand. I can buy a helluva LOT of tires, brakes & maintenance services for a lot less than tens of thousands!

 

[PlatinumGold]

Originally posted by: vi_edit

isn't that exactly the example i posted above?

Pretty much. But some people need things repeated to them.

also, you can't tell me that a 3 yr old Acura TL is a better car or even as good a car as a Brand New Honda Accord fully loaded.

 

[vi edit]

Originally posted by: Ornery
Fvck, the cars I prefer cost about $40,000.00 new! I can buy 'em used for a few grand. I can buy a helluva LOT of tires, brakes & maintenance services for a lot less than tens of thousands!

That's because those cars are being sold off in estate auctions for pennies on the dollar after their 90 year old owners kick the bucket.

 

[OneOfTheseDays]

why has nobody commented on the obvious grammar mistake in the OP's title?

"so why do people must buy a brand new car"

i dunno why do people must have bad grammar?

 

[Ornery]

That's because those cars are being sold off in estate auctions for pennies on the dollar after their 90 year old owners kick the bucket.

:thumbsup: You got it! And, they haven't been beaten to death by leadfoot punks. Not to mention, grandpa probably had ALL services performed EXACTLY as instructed by the owner's manual.

You'd puke if you knew how little effort & money I have to put into these old cruisers. If you know the history & quirks of any particular model, you'll be going in with eyes wide open. I happen to know big old Fords have tried & true platforms, that haven't let me down yet!

 

[PlatinumGold]

Originally posted by: Sudheer Anne
why has nobody commented on the obvious grammar mistake in the OP's title?

"so why do people must buy a brand new car"

i dunno why do people must have bad grammar?

ya, i was going to say something about it too, but i couldn't come up with anything clever.

guess you couldn't think of anything clever either.

 

[Koenigsegg]

The main arguments about buying a new car are pretty weak here.

You can still get a warranty buying a used car, and an inspection can easily verify if a car is still in good condition. You'll get the same car for thousands less, with the same warranty and reliability buying it used. Especially if you're buying from a dealer, the car will be as good as new..

Only reason to buy a new car is the for the toxic smell.

 

[Whisper]

I'm sure it's been mentioned already, but it's basically a trade-off. Two or three year old cars are of course a better deal. If you're buying new, you're paying a premium to 1) be the first owner, 2) have the car configured exactly how you want it, 3) in some cases, have a better warranty.

I personally bought my car new mainly because of #2. None of the late-model used cars on the lots I checked had the options I wanted. That, and it gave me a lot of peace of mind, which to me was worth the extra money (I plan on driving the thing into the ground anyways, so I'll be getting a decent return on my investment).

 

[PlatinumGold]

Originally posted by: Koenigsegg
The main arguments about buying a new car are pretty weak here.

You can still get a warranty buying a used car, and an inspection can easily verify if a car is still in good condition. You'll get the same car for thousands less, with the same warranty and reliability buying it used. Especially if you're buying from a dealer, the car will be as good as new..

Only reason to buy a new car is the for the toxic smell.

bs, it isn't the same car. :roll:

you didn't even mention my example, show me were a 3 yr old Acura 3.2 is better than a brand new Honda Accord with the v6 and fully loaded.

 

[Koenigsegg]

Originally posted by: PlatinumGold

Originally posted by: scott
Resale value drops approx:
30% the first minute uyou drive it off the dealer's lot.
25% next year
20% following year.

From viewpoint of your personal wealth-building, as an asset
cars are losers!

NEVER buy a brand new car.

a 3 yr old Acura TL 3.2 (decent resale value) goes for about $23k.

a brand new Accord pretty much loaded goes for about $26k.

i'd take the new accord over the 3 yr old acura TL any day and twice on sunday.

besides, a 3 yr old car means you will have to put on new tires, new rotors, new pads and various other maintenance items.

That's a terrible comparison. A TL is a luxury brand car, an Accord is a run of the mill family sedan.

Again, if you buy at a dealer, the tires/rotors/pads should all be fresh..otherwise you can easily get a discount on the price of those items.

There's no guarentee or anything that a car off the dealership will be any more reliable either compared to buying it used. In fact if you buy from a trusted seller, you'll know that the car can run well, while you're taking a chance with a new car.

 

[Engineer]

If nobody bought new, there would never be a used one!

 

[PlatinumGold]

Originally posted by: Koenigsegg

Originally posted by: PlatinumGold

Originally posted by: scott
Resale value drops approx:
30% the first minute uyou drive it off the dealer's lot.
25% next year
20% following year.

From viewpoint of your personal wealth-building, as an asset
cars are losers!

NEVER buy a brand new car.

a 3 yr old Acura TL 3.2 (decent resale value) goes for about $23k.

a brand new Accord pretty much loaded goes for about $26k.

i'd take the new accord over the 3 yr old acura TL any day and twice on sunday.

besides, a 3 yr old car means you will have to put on new tires, new rotors, new pads and various other maintenance items.

That's a terrible comparison. A TL is a luxury brand car, an Accord is a run of the mill family sedan.

Again, if you buy at a dealer, the tires/rotors/pads should all be fresh..otherwise you can easily get a discount on the price of those items.

There's no guarentee or anything that a car off the dealership will be any more reliable either compared to buying it used. In fact if you buy from a trusted seller, you'll know that the car can run well, while you're taking a chance with a new car.

nope, last years acura is this years accord. the accord v6 is every bit the car the 3 yr old acura is, in fact, the v6 accord puts out 244 hp the 3 yr old tl puts out 225.

the accord will have the newer features and options.

 

[vi edit]

Originally posted by: Koenigsegg
The main arguments about buying a new car are pretty weak here.

You can still get a warranty buying a used car, and an inspection can easily verify if a car is still in good condition. You'll get the same car for thousands less, with the same warranty and reliability buying it used. Especially if you're buying from a dealer, the car will be as good as new..

Only reason to buy a new car is the for the toxic smell.

And people tend to put their money in different places.

I don't buy $500 video cards or upgrade my components every 6 months or a year like many people do.

I don't go out to eat very often, and if I do, it's when I have coupons for free meals or appetizers.

I make my own meals or bring my own lunch to work instead of eating out.

Instead of buying name brand luxury clothes from the limited or Banana Republic I buy on sale at Kohls or Penny's.

I clip coupons and save money on my groceries.

I rent DVD's instead of buy.

I am responsible with my credit and have a score over 800 getting top tier interest rates saving me money on my loans.

Ect.

Because of these I can afford the extra $100a month a new car costs me over a used one. A new car is a luxury that I choose to get because I am conservative in other areas of my life.

 

[Pepsi90919]

Originally posted by: Ornery
...2-3 year used car is the best value...

I disagree. After 32 years of driving, I've NEVER had a car payment. That's EXACTLY why I was able to buy a home, despite 18% interest rates!

yeah but you're you.

 

[ajpa123]

In ritzy suburbs, when you're "Keepin' Up With the Jones's", u really don't want to be caught with a used car in your driveway do you?

 

[shilala]

I buy new because I keep them a long time and I don't want someone else's problems.
I've had good luck buying really old used cars in the $500 range, but had super bad luck buying late model used cars.
I'll never buy another used car unless it's a project.

 

[Koenigsegg]

Originally posted by: PlatinumGold

Originally posted by: Koenigsegg

Originally posted by: PlatinumGold

Originally posted by: scott
Resale value drops approx:
30% the first minute uyou drive it off the dealer's lot.
25% next year
20% following year.

From viewpoint of your personal wealth-building, as an asset
cars are losers!

NEVER buy a brand new car.

a 3 yr old Acura TL 3.2 (decent resale value) goes for about $23k.

a brand new Accord pretty much loaded goes for about $26k.

i'd take the new accord over the 3 yr old acura TL any day and twice on sunday.

besides, a 3 yr old car means you will have to put on new tires, new rotors, new pads and various other maintenance items.

That's a terrible comparison. A TL is a luxury brand car, an Accord is a run of the mill family sedan.

Again, if you buy at a dealer, the tires/rotors/pads should all be fresh..otherwise you can easily get a discount on the price of those items.

There's no guarentee or anything that a car off the dealership will be any more reliable either compared to buying it used. In fact if you buy from a trusted seller, you'll know that the car can run well, while you're taking a chance with a new car.

nope, last years acura is this years accord. the accord v6 is every bit the car the 3 yr old acura is, in fact, the v6 accord puts out 244 hp the 3 yr old tl puts out 225.

the accord will have the newer features and options.

Okay here's a crazy concept, why don't we compare the SAME car? The Acura is a LUXURY car, you're paying more money for that Acura logo.

An '03 Accord EX-V6 goes for $20,278 according to Edmunds.

An '06 Accord EX-V6 goes for $27,400.

What are you paying over $7000 + higher insurance rates for? A new car smell?

Throw in a warranty for the used Accord and you'll still be saving thousands.

And an Accord is one of the slower depreciating cars out there. Throw in an American car and the differences will be much greater.

 

[waggy]

Originally posted by: TuffGuy

Originally posted by: waggy

Originally posted by: TuffGuy
Cuz they can't afford a new car. Same reason why some people buy a car 3rd and 4th hand ten years down the line.

EDIT: I prefer a new car because it comes with full warranty and I know that the car hasn't been abused.

actually that is wrong.

I know a few people who can afford new. but prefer to buy a year or two old car.

Not everyone thinks new car's are worth the money.

It's true more often than not.

There's no logical reason (to me) to want a car that's out of warranty, has expensive maintenance services coming up, tires and brakes are worn out, etc...

uhh BS.

I baught a 2003 Taurus. got it for 13k with a extended warrenty (7yr or 75k miles) with 9k miles.

You can purchase them with teh orginal warrenty and get a extended one.

this excuse is just flat out wrong.

 

[pac1085]

After my experience with used cars, I'd by a new car for the following reasons:

1) To know that it has been properly cared for (not just an oil change every 3000 miles)
2) The feeling that I know everything about the car, and theres no questions in my mind about what could have happened in the past
3) Warranty

I can say that I would buy a used car, if it was from somone that I knew for a long time.