Why do people buy a new car?

[Ornery]

Well, let's just say, if I were in the market for a Kia Rio, I wouldn't buy a used one either!

 

[Pocatello]

Since I can't afford a brand new 20K car, I got a used Camry. It runs great, better than a brand new Kia Rio, and cost less.

 

[rufruf44]

Originally posted by: Ornery

Originally posted by: dquan97

Originally posted by: mpitts
Some people would ask the same question about a new computer.

With a new car comes peace of mind. You don't need to worry about who the previous owner was and you also have a factory warranty, which is generally longer than that of a used car.

Oh this is clever. Compare a $500.00 purchase to a $25,000.00 one.

The second largest purchase of your life will be a depreciating piece of transportation. This purchase impacts the single largest purchase of your life. It's hard to qualify for a mortgage or come up with a 20% down payment when you're stuck with a couple massive car payments. Priorities I guess...

There's also the matter of "needing" two incomes to pay for this massive vain expense. Kids end up being dumped on relatives or stuck in day care because of the "need" for two parents to work. But I'm sure having new cars is worth it...

You assume too much. Some people make enough $$$ to afford 2 new car payment and mortgage and live a good life. For me personally, since I'm lousy with car repair,etc, I prefer having new one that I know for sure I'll take good care of it and can bring to the dealer if problems arised in the first 5 years, instead of driving of an unknown used car whose owner might've beat up in the past. Its worth the cost for me, and I didn't see any problem when I've to obtain my mortgage as well.

 

[VTrider]

Yeah, I dont' care what anyone says...buying a new car, any new car is just not a good investment. Starts to depreciate the second you drive it off the dealership.

 

[Spac3d]

Originally posted by: VTrider
Yeah, I dont' care what anyone says...buying a new car, any new car is just not a good investment. Starts to depreciate the second you drive it off the dealership.

I don't think anyone is arguing against you on that. People don't consider their cars as invesments whether they are used or new.

 

[Ylen13]

Originally posted by: VTrider
Yeah, I dont' care what anyone says...buying a new car, any new car is just not a good investment. Starts to depreciate the second you drive it off the dealership.

The reason that most of my friends buy new car is not for investment but for peace of mind and also to have the latest gadgets in the car.

 

[VTrider]

Yeah, I agree with that - vehicles are just a headache sooner or later, too many moving parts or something? 🙂

 

[BoberFett]

Those of us that buy used vehicle should thank those suckers that buy a new car every two years. They're the ones leaving clean, low mileage used cars out there for us to buy cheap.

 

[Ornery]

"You assume too much. Some people make enough $$$ to afford 2 new car payment and mortgage and live a good life. For me personally, since I'm lousy with car repair,etc, I prefer having new one that I know for sure I'll take good care of it and can bring to the dealer if problems arised in the first 5 years, instead of driving of an unknown used car whose owner might've beat up in the past. Its worth the cost for me, and I didn't see any problem when I've to obtain my mortgage as well."

I've seen with my own eyes. The people who can "afford it", are the worst offenders for "needing two incomes". They're the first to slap their kids in day care and/or slough them off on mom & dad. One friend of mine in this boat is coming around. He ain't about to buy a used car, but he's not going to have two car payments again. Two car payments can easily equal a mortgage payment. I'm staying the hell off that treadmill!

 

[SuperTool]

Originally posted by: Ornery
"You assume too much. Some people make enough $$$ to afford 2 new car payment and mortgage and live a good life. For me personally, since I'm lousy with car repair,etc, I prefer having new one that I know for sure I'll take good care of it and can bring to the dealer if problems arised in the first 5 years, instead of driving of an unknown used car whose owner might've beat up in the past. Its worth the cost for me, and I didn't see any problem when I've to obtain my mortgage as well."

I've seen with my own eyes. The people who can "afford it", are the worst offenders for "needing two incomes". They're the first to slap their kids in day care and/or slough them off on mom & dad. One friend of mine in this boat is coming around. He ain't about to buy a used car, but he's not going to have two car payments again. Two car payments can easily equal a mortgage payment. I'm staying the hell off that treadmill!

Yeah, I can afford to drive a Bimmer, and I could go out and pay cash for one if I wanted to. But I see no need to own one. I would rather save my money, so when I go back to grad school, I can live comfortably for a couple of years. I have a used Maxima to go to the store or the city, and I bike to work. Also, if I lock myself into bimmer payments, or use my cash to get one, and tomorrow I lose my job, then I will be fvcked. If I had to buy another car, I would much rather get a loaded 2002 Maxima for 17K over a new bare bones 4 banger camry. I bought my car at a dealer auction for below dealer wholesale, using my signing bonus to pay for it. I am just not big on getting into debts.

 

[RU482]

Originally posted by: StormRider
I don't like the idea of buying a used car that other people have farted in. Come on, admit it guys, we all have farted in our cars. That's why I have only bought new cars in the past.

Ugh...I used to work a shift job at a TV station control panel. The night guy was a total hog who must have sh!t his pants nightly. If you would plunk down in the chair, a cloud of crap smell would propagate from the chair throughout the 8x4 room to the point where you would want to gag

 

[Koing]

Different people different choices. I won't buy new until I have a house. That is just me.

Also, if I lock myself into bimmer payments, or use my cash to get one, and tomorrow I lose my job, then I will be fvcked

What if you get hit by a car tomorrow on your bike? Would you drive your *dream* car? By dream car I don't mean some $100k + car. It may be Porshe or something else, an M3. Some people just want it for their own sake. It makes them happy, I see no problem with this.

If they get hit at least they have driven their dream car. Or spent some of their money on something that mad them happy. You saved up the money but you are not able to spend it as you were hit by a car.

But I'm more in your boat in saving money though! Well not to save so that I could live off a few years with my money! But for the nice things I will save for. hey I'm asian I'll live off the kids!!!!!!!!!!😀 lol

 

[Marauder-]

Originally posted by: Angrymarshmello
Peace of mind. Warranty. Building up of credit. Having the latest and greatest model on the block. I'd feel safer in a new car knowing some douche didn't drive it like it was stolen and having a warranty to protect me when something goes wrong rather than taking my chances with a used car. There's only so much a mechanic can diagnose when you take a used car to him to get it inspected

I agree w/ all of your points except building up of credit. If I bought a good condition used car, I wouldn't worry too much about all that lost opportunity that I could have built up credit w/.

 

[Brutuskend]

I refuse to buy a car I can't work on myself.

There for I will NEVER buy a new car.