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Author	Topic: new car vs. late model used car	Post a Reply Back to Topics

bowler93 All-Star Author Pennsylvania Posts:724 Points:460,950 Joined:May 2011	Message Posted: Aug 16, 2011 12:17:26 PM Ignore bowler93 Report Abuse I have heard that the value of a new car depreciates greatly once it is driven off the lot. That being said, when I get my next primary vehicle (not just an old beater to drive around town in), I will probably get a late-model used car. What do you usually buy? What are you planning on buying next time you are in the market for a car?

bowler93

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Pennsylvania

Posts:724
Points:460,950
Joined:May 2011

Message Posted: Aug 16, 2011 12:17:26 PM

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I have heard that the value of a new car depreciates greatly once it is driven off the lot. That being said, when I get my next primary vehicle (not just an old beater to drive around town in), I will probably get a late-model used car. What do you usually buy? What are you planning on buying next time you are in the market for a car?

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mnrick041 Champion Author Twin Cities Posts:14,291 Points:1,367,110 Joined:Jun 2009	Message Posted: Mar 2, 2012 4:49:11 PM Ignore mnrick041 Report Abuse It depends on the moment. At some times if there are good rebates out there you can get certain new cars for a lower price than the same car that is a year or two old.
kawasaki8000 Sophomore Author Virginia Posts:172 Points:215,605 Joined:Jan 2012	Message Posted: Mar 2, 2012 2:50:00 PM Ignore kawasaki8000 Report Abuse Both
Hemond Champion Author Providence Posts:8,167 Points:133,385 Joined:Oct 2006	Message Posted: Mar 2, 2012 2:30:44 PM Ignore Hemond Report Abuse I'd rather have an old car as a daily driver. You couldn't pay me enough to have a new car. Talk about money pits. Something classic like an early '90 Mercedes or a Caddy or a Jeep. Or an unusual sports car from the 80's like a Fiero, a Grand National. Or just a clean basic econobox like an old Sentra/Corolla...
psm80134 Champion Author Denver Posts:2,610 Points:537,870 Joined:Nov 2011	Message Posted: Mar 2, 2012 12:53:18 PM Ignore psm80134 Report Abuse I like buying Certified Pre-Owned. You still get the benefit of a warranty, but the previous owner or lease-holder took the big hit in depreciation.
bluenvoy Champion Author Nashville Posts:14,954 Points:1,873,965 Joined:Oct 2005	Message Posted: Mar 2, 2012 6:49:18 AM Ignore bluenvoy Report Abuse New. I like the warranties.
MudNutZ All-Star Author Mississippi Posts:910 Points:631,540 Joined:Nov 2010	Message Posted: Mar 1, 2012 7:36:48 PM Ignore MudNutZ Report Abuse Last time I bought one, it was about 3 years old.
reb4 Champion Author Chicago Posts:19,088 Points:1,820,175 Joined:Sep 2004	Message Posted: Mar 1, 2012 7:34:41 PM Ignore reb4 Report Abuse buy new, but have bought low mileage newer makes. Last 2 cars replaced one was 1999 which we handed down to son (we bought replacement in 2009), and replaced 2002 with 2010. hoping we can last another 10 years....
KentuckyWildcat Champion Author Maryland Posts:9,202 Points:2,193,405 Joined:Mar 2005	Message Posted: Mar 1, 2012 2:34:14 PM Ignore KentuckyWildcat Report Abuse I make sure the car is less than five years old and low mileage
14smoke Champion Author Birmingham Posts:13,188 Points:1,921,140 Joined:May 2005	Message Posted: Mar 1, 2012 2:25:20 PM Ignore 14smoke Report Abuse I have bought my last new car to be honest with you. I'm looking right now at a low mileage 2006 car. I don't personally care how old the car is, I care how it was used/abused.
kellyoneal Champion Author Louisville Posts:2,405 Points:702,865 Joined:Mar 2011	Message Posted: Mar 1, 2012 10:21:38 AM Ignore kellyoneal Report Abuse buy one 2 years old
Alexi7 All-Star Author Ohio Posts:526 Points:13,790 Joined:Jul 2011	Message Posted: Mar 1, 2012 6:37:05 AM Ignore Alexi7 Report Abuse I prefer 2,3 year-old cars. Let someone else take the depreciation hit. However...we bought the Pontiac G6 new with that Cash For Clunkers deal and the Traverse was tagged with a whopper employee(son's father-in-law) discount. On the lookout for a V-6 Accord in a couple years.
dal1 Champion Author Illinois Posts:1,183 Points:147,165 Joined:Jun 2007	Message Posted: Mar 1, 2012 6:07:55 AM Ignore dal1 Report Abuse a used auction car - probably in 2000's Ford or Chevy!
DasAuto92 Champion Author Montreal Posts:2,444 Points:174,795 Joined:Apr 2010	Message Posted: Aug 27, 2011 10:45:23 AM Ignore DasAuto92 Report Abuse It comes down to the make, model, and year your looking for.I'm a '90's guy and tend to have a soft spot for 1990-92 MKII Golfs/GTI.
PapaHomer Champion Author St. Louis Posts:2,230 Points:530,840 Joined:Jun 2011	Message Posted: Aug 22, 2011 6:30:22 PM Ignore PapaHomer Report Abuse Depends on the mileage and price. Last car had 10K on it...not bad. Prior to that had bought new.
WEPSMAN Champion Author South Dakota Posts:10,513 Points:2,023,800 Joined:Mar 2005	Message Posted: Aug 22, 2011 6:09:32 PM Ignore WEPSMAN Report Abuse Depends. I have gone both ways. I prefer new since you know you have a warranty to fall back on. You just never know what you are getting into with used.
yodudebc Champion Author Vancouver Posts:5,580 Points:541,875 Joined:Aug 2011	Message Posted: Aug 22, 2011 5:30:31 PM Ignore yodudebc Report Abuse I always bought used, but I recently rethought this policy. A good used car at its half-life (100-150k) sells for about half the price on a new car of the same model. This is in Vancouver. Hmmm. Do I want to pay for the first half of a car's life or the last half?
bluenvoy Champion Author Nashville Posts:14,954 Points:1,873,965 Joined:Oct 2005	Message Posted: Aug 22, 2011 6:10:59 AM Ignore bluenvoy Report Abuse I buy new. But to each his or her own.
58salty Champion Author Jacksonville Posts:6,599 Points:627,940 Joined:Aug 2011	Message Posted: Aug 22, 2011 5:24:24 AM Ignore 58salty Report Abuse Used, let someone else pay that 5 grand it depreciates when it leaves the lot. Get the carfax
14smoke Champion Author Birmingham Posts:13,188 Points:1,921,140 Joined:May 2005	Message Posted: Aug 16, 2011 3:39:56 PM Ignore 14smoke Report Abuse A lot of that depends on how long you plan on keeping the car. If you're keeping the car for the foreseeable future, then buying new won't kill you. However, if your plans are only to keep the car for a relatively short period of time(say 2 to 3 years), then you might want to look at late model used and let someone else take the initial depreciation. I'm looking at 5 to 6 years old for my next car personally.