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Cars and Transportation
Reply to "Buying a new car"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Consider this: Why buy a brand new car? As soon as you drive off the lot, you take a giant hit in depreciation. You're in such a great buying position here. I bought my car in cash by combing through Craigslist ads, found an old person who bought their car at a dealer, had it maintained at the dealer (records available), and was ready to sell it. Mine was 3 years old with 20K miles on it. The dealer always gives a shit price on a trade-in, so they attempt to sell it on Craigslist, Auto-trader, etc.. first. They love cash. All you have to do is take it to your local mechanic for a once-over (costs $100) - everyone does this, and sellers know to expect it. If your mechanic gives it the green light, you pay cash (preferably meet them at the bank and do a money order or cashier's check, because banks don't want you to show up and ask for 25K in cash), have the seller bring the title to the bank and sign it over to you, have a letter of sale notarized (at the bank while you're there), take it right to DMV and register it. Done. If you buy a pre-certified car at the dealer you'll pay an additional doc fee and over pay for the car anyway. When you take it to your own mechanic for $100, it's a better once-over than a pre-certification anyway. Buy a good brand name car with a history of reliability. You'll save thousands of dollars. [/quote] Sometimes you want a brand new car. [/quote] Stop wanting a brand new car.[/quote] Why? I don't like travel or eating out or better house. [/quote] Okay.[/quote] Actually, even if I do like all of the above, why not a brand new car? What's the objection? It's not the same as a used car, otherwise they would be priced the same. [/quote] Any car I've bought used looked and drove the same as a new car, absent the new car smell. If you need that, dealers will spray some toxic chemicals in your CPO to make it smell new. You wouldn't know the difference between the new and old inside unless you looked at the odometer. I'm talking cars with 20K miles on them already. But you are right, it's not the same as a new car, because with a new car you pay more and suffer the depreciation as soon as you drive off the lot, but you're getting a bumper to bumper warranty (not that you'll ever use it, so you just paid for something you likely won't use), plus you'll pay higher taxes on it. In reality, that new car isn't worth the price tag. But, you are SOMETIMES right. Sometimes it's better economically to buy the new car over the CPO if you've got a car that holds its value, the incentives are right, and you negotiate a great deal. You just need to know how to shop right if you really want that new car. But, I'm just saying, if it were me, I'd buy that Acura with the 25K miles on it over the new one, end up paying less for more options on it than the exact same car brand new with the same options, skip the dealer and saves thousands more on that exact same car, and lower taxes. All the history is transparent on the used car, so no worries about quality if you're buying a reputable brand. But if you really need that new one for whatever reason, go ahead. It's your money and you need to drive off happy. [/quote]
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