Are really always saving money by buying used?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think this is generally a tie or perhaps more accurate, hard to predict but either way the cost savings is not likely going to be very high. The best way to save money on a car purchase is not to buy a luxury car -- shoot for the middle and you will can save in the neighborhood of $20,000.

I disagree. I think the best purchase is s high end used car. I got a 2 year old Range Rover that listed for 110 k new for 75k and an extended warranty to 100k. Good friend got a 3 year old s class Mercedes for 55 percent list price new, with 100k warrranty and ew car financing. That’s a huge savings.

Maybe it is a savings over the new price but if you are paying 75K for a car, you are not saving money.

The cost savings is the difference between the same car new and used; it's not a subjective value judgment based on your belief that a vehicle isn't worth that much money.

[Anonymous]

If you are spending $75K on a car, then the question is what is the best car I can buy for $75k. This thread is about whether over time, like 10 years, you will come out ahead by buyng new vs. used. Seems like two totally different questions.

[Anonymous]

I bought a Subaru Imprezza new because like others have noted already, Subarus hold their value pretty well. In addition, the year I bought several things that you previously had to upgrade for became standard (cruise control, backup camera). So I would have had to buy a "premium" used, which was not really going to be much cheaper than a new basic model. Plus the financing was good.

However, one thing I like about buying used is that cars just get so dinged up around here. People are super careless about opening their doors into neighboring cars (doesn't help that parking spot are not really big enough for many huge SUVs). And we ended up buying a house with an oak tree that is always dropping acorns. It took me a while to accept that my "new" car wasn't going to look new for long. When DH finally has to replace his old Honda we will probably go for a used in that case.