(buy) new or used?

[Anonymous]

michadoh wrote:If I were you I would go for a used car first because it is cheaper, 2nd it will not depreciate as quickly as your new car and 3rd buying used car and customizing it without the fear of voiding the insurance but of course, you will be good at looking at used cars.

What generally happens with cars is that they have some minimum value that the drop towards as a used car, usually reached at the 15 mark. Depreciation during the 15 years is fairly consistent as a percentage of the value. For example, a $30,000 car may eventually end up being worth about $3000-$4000 by the time it is 15 years old, and after that the price stays fairly consistent and decreases very little with additional years. However, during the 15 or so years of use, the depreciation of $26k-$27k happens at a fairly consistent rate - it may be more loaded towards the first 10 years than the last 5 years, but the tilt is not as heavy as one would imagine. You are going to see about a $1500-2000 depreciation per year for that car consistently. Now if you say that it's still worth it because the car depreciates closer to $2000 during the first 3-5 years of its use, and closer to $1500 a year later on in its life, remember that the first 3-5 years is the best part of a car's life, where it is under warranty, is the most reliable, and offers the most current technology/safety features.

[Anonymous]

Find the car you want and then search the new and used market for it. We have one car that was purchased new because the used market for it was limited and not an appreciable cost-savings, particularly when factoring in financing - in fact, with the manufacturer's incentives, it was less expensive than used. The other was purchased used with low miles at a substantial cost savings.

Bottom line is that these days, it depends on the vehicle, how used you're willing to go, and what financing looks like (if you need it). There's really no "conventional wisdom" on it that is valid one way or another.

[Anonymous]

Buy a new jeep. The 2021 Rubicon is supposedly going to have the trail cam!

[Anonymous]

Anonymous wrote:Buy a new jeep. The 2021 Rubicon is supposedly going to have the trail cam!

Jeep is overrated. Really crappy cart tbh

[Anonymous]

Anonymous wrote:Can I share a real scenario?

2019 version of a car is $35k. 19,000 miles on it. I can pay it in cash.

2020 version of the car is $39k after all the incentives and there's a 0% financing offer as well.


I've sort of been programmed to look at used cares, but if I financed new, that would let me keep more money invested and earning at a good rate. Thoughts?

I buy used always and would go for the new one here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Buy a new jeep. The 2021 Rubicon is supposedly going to have the trail cam!

Jeep is overrated. Really crappy cart tbh

If it was not for Jeeps in WWII we are be speaking German