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Reply to "Fiscally reasonable way to buy a car?? Tips??"
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[quote=Anonymous][quote=Anonymous]We bought an Outback last year, and after tons of research, the "lightly used" vehicles were hardly cheaper than brand new with warranties (sometimes not cheaper at all). I'm guessing Foresters are similar. We waited until there were a few new but "last year" models on the lot and bought the new Outback, and like the previous poster said, rates were SO low (I can't remember, like .8%?) that we ended up financing about 1/2 of the purchase even though we could have paid cash. They seemed more inclined to drop a bit more off the price if we financed, and more came off the price than what we'd pay in interest on the finance, so that made the most sense. That's just an example of a car that really holds its value though, and we knew we wanted an Outback. For less in-demand makes/models, it'd definitely be a different approach.[/quote] I bought a forester last year using this approach. I put $10,000 down and financed the rest at a ridiculously low rate. If you are not particular about color or accessories you can get better deals buying from the previous years inventory that the dealers want to get rid of to make room for the current year stock. [/quote]
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