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Reply to "WaPo -- New cars out of reach for many"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People who buy new cars are either rich or bad with money. Sometimes both.[/quote] This used to be true, but cars last a lot longer now and these days buying used is not always a better deal. [/quote] +1 I've never purchased a new car, but right now my choice is: (a) New 3 row SUV in mid-range trim for ~45K. (b) Same car 2 years used for ~$36K. I typically keep cars for approximately 8 years, would extend to 10 with a new car. Looks like pretty much a wash to me: Used: $36K/8 years = $4,500 per year ownership cost New: $45K/10 years = $4,500 per year ownership cost I assume residual value after ownership would be roughly a wash.[/quote] And with a new car, you know what you are getting. I always question why someone would be selling an originally $45K car after 2 years? Whats wrong with it? IMO much better to buy new and have the full warranty. [/quote]
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