Better buy: $40k new or gently used for half price?

[Anonymous]

What do you all think? Better deal to buy new or used? My coworkers are having a debate. One just bought a $40k new Buick Enclave with all the bells and whistles and one just bought a 2018 BMW convertible with 15k mikes for $25k. They both think the other is crazy. Help us settle this.

[Anonymous]

I think anyone buying a Buick for $40k is crazy. The BMW driver got the better deal, I'd say.

[Anonymous]

Anonymous wrote:I think anyone buying a Buick for $40k is crazy. The BMW driver got the better deal, I'd say.

+1 especially given the BMW is gently used

[Anonymous]

Both of those brands suck and are well known for being unreliable. They're both suckers.

[Anonymous]

Cars lose half their value the moment they are driven off the lot. Not sure that is true; just always heard that.

I'd go for 1/2 price, gently used in a second!

[Anonymous]

They are both stupid. No winner here.

[Anonymous]

Anonymous wrote:Cars lose half their value the moment they are driven off the lot. Not sure that is true; just always heard that.

I'd go for 1/2 price, gently used in a second!

+1. Some people really believe you should always buy new though.

[Anonymous]

Buick purchase is stupid. BWM purchase is really stupid (but you would look good standing next to your broken down car bimmer on highway)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cars lose half their value the moment they are driven off the lot. Not sure that is true; just always heard that.

I'd go for 1/2 price, gently used in a second!

+1. Some people really believe you should always buy new though.

The problem with BMW is that it's a well known unreliable brand. Sure it's great for the first "owner" that just leases it but when that lease is up, the second owner eventually finds the car has trouble and need work. The parts are four times the cost of Japanese or domestic cars in cost and it breaks down all the time. The new Buick will last for 5 years/60k miles while under warranty then when it's paid off they're going to start having problems but at least it will have parts 1/4 the cost of the BMW.

[Anonymous]

Anonymous wrote:What do you all think? Better deal to buy new or used? My coworkers are having a debate. One just bought a $40k new Buick Enclave with all the bells and whistles and one just bought a 2018 BMW convertible with 15k mikes for $25k. They both think the other is crazy. Help us settle this.

They both are right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What do you all think? Better deal to buy new or used? My coworkers are having a debate. One just bought a $40k new Buick Enclave with all the bells and whistles and one just bought a 2018 BMW convertible with 15k mikes for $25k. They both think the other is crazy. Help us settle this.

They both are right.

+1

[Anonymous]

Anonymous wrote:Cars lose half their value the moment they are driven off the lot. Not sure that is true; just always heard that.

I'd go for 1/2 price, gently used in a second!

If you look at used car prices you'll see that's clearly not true. Used cars from reliable brands have great resale

[Anonymous]

Anonymous wrote:Both of those brands suck and are well known for being unreliable. They're both suckers.

BMWs are great, and if they are CPO, they have a warranty. They wouldn't have a problem for years. You don't know what you are talking about. I've had one, sometimes two, BMW continuously since 1992. The ones I chose to keep long term all easily passed 120-130 thousand miles with usual maintenance and some age-appropriate repairs (struts, window motor, etc.).

BMW is well known for being fun to drive not for being unreliable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Both of those brands suck and are well known for being unreliable. They're both suckers.

BMWs are great, and if they are CPO, they have a warranty. They wouldn't have a problem for years. You don't know what you are talking about. I've had one, sometimes two, BMW continuously since 1992. The ones I chose to keep long term all easily passed 120-130 thousand miles with usual maintenance and some age-appropriate repairs (struts, window motor, etc.).

BMW is well known for being fun to drive not for being unreliable.

120k without major work is below industry standard. Most cars can easily hit 180k and lots make it to 200 or even 250k these days.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Both of those brands suck and are well known for being unreliable. They're both suckers.

BMWs are great, and if they are CPO, they have a warranty. They wouldn't have a problem for years. You don't know what you are talking about. I've had one, sometimes two, BMW continuously since 1992. The ones I chose to keep long term all easily passed 120-130 thousand miles with usual maintenance and some age-appropriate repairs (struts, window motor, etc.).

BMW is well known for being fun to drive not for being unreliable.

Where the heck did you get that they aren't known for being unreliable? Yes they're known for being fun to drive but they are well known for unreliability.