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Reply to "Is it even worth buying a used Toyota these days if you can pay cash for new?"
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[quote=Anonymous][quote=Anonymous]Why do people buy used for almost the same amount? Is the interest rate better? (I only pay cash for cars so I don't understand it)[/quote] Because they cannot afford to spend another $5K to get the new version. These are legit working-class or middle income people, not "DCUM middle class." They are saving $5K but sacrificing the fact that they would get a few extra years of service with a new car before repair bills. My guess is that they hope to flip it to someone else before the repair bills come due. [/quote]
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