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Cars and Transportation
Reply to "how much savings to buy used vs new?"
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[quote=Anonymous]We all know the issues with new and used car markets now. Re: new, if you can buy msrp from a dealer that doesn't add a "market conditions" fee (eg, subaru), there is a long wait time for the car. Re: used, the market is so tight that ones pays close to the msrp price of a new car for a car with mileage and less or no warranty. At what amount of savings would you buy the used vs new? or vice versa? In an ideal world, I'd spend $15k on a used car, but for the cars I am shopping (new price of $25-30k), there is only a $2k - 5k savings on the gently used version (less than 4 yrs old, less than 50k miles, and the safety features I want). Any savings is savings, but I worry I am being pennywise and pound foolish. [/quote]
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