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Reply to "Are really always saving money by buying used?"
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[quote=Anonymous]I always hear, "buy a three year old car, let someone else pay the early years depreciation". And I get it for cars that don't hold their value, like a Ford Fusion where you buy it for $25 and three years later it is worth $15. But what about for desirable cars, like a Subaru Legacy. If new with taxes is $27.5 and three year old used is $22.3, how am I saving money in the long run? I keep cars for about eight years because in my experience, that is when big problems start to happen (OK, I know someone has a Toyota with 900,000 miles that has never had an issue). So looking at the numbers, if I keep a $27.5 new car for eight years, it is costing $3.4/year while the used, which has about five years left is costing $4.4/year. Therefore, how am I saving money over an eight year span going used?[/quote]
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