0
19

[–] Surfing_Wookiee 0 points 19 points (+19|-0) ago 

I don't think it's ever in your financial interest to buy a brand new car. Once you drive your brand new car off the lot, it begins to depreciate in value. http://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html

0
2

[–] ddd 0 points 2 points (+2|-0) ago 

as someone who doesn't know a lot about cars, isn't it "safer" to get a new car, since it'll come with warranty and you'll know there's no previous owner messing around with the car(know some people who noticed their cars were kind of acting up so they sold it immediately before more problems show up)

0
0

[–] Surfing_Wookiee 0 points 0 points (+0|-0) ago 

The older a vehicle gets, the more maintenance you'll have to pay for. This isn't necessarily the date the car was manufactured at either, go by the mileage. Most all cars are good on major replacements up to at least 200,000 miles, excluding reliant robins and cars that've been in an accident. That said, maintenance like changing the oil, windshield wipers, tires, will always be a factor.

0
0

[–] dragon_oats 0 points 0 points (+0|-0) ago  (edited ago)

Yes, if you buy a cheap new compact manual car (10-14k) you will save on service bills, and have a warranty for anything that happens. If you buy anything else brand new you might not come out ahead as you'll be paying more than the repair bills.

3
-1

[–] triconda 3 points -1 points (+2|-3) ago  (edited ago)

If you're looking at a car as investment, you're spot on.

But if you're limited by time / ability / lack of desire to fix things, then sacrifices have to be made.

typo.

[–] [deleted] 1 points 1 points (+2|-1) ago  (edited ago)

[Deleted]

2
6

[–] drakesdoom 2 points 6 points (+8|-2) ago 

These days I think it is a better deal to get a restored car. You will save more in maintenance then spend in gas. Plus you can't hack a cable throttle.

0
5

[–] ShitsInPringlesCans 0 points 5 points (+5|-0) ago 

Worked in the auto industry for six years on the service side. 1) For a better financial deal, used car over new car every time, hands down, no exceptions. 2) Always better, financially speaking, to keep an older car (up to the point it's an antique) and fix it over buy a new one. Saw these scenarios many many times over multiple brands.

0
4

[–] Random_Rants 0 points 4 points (+4|-0) ago 

It depends on the car, but in general the used one is less expensive to drive.

[–] [deleted] 1 points 3 points (+4|-1) ago 

[Deleted]

0
4

[–] Random_Rants 0 points 4 points (+4|-0) ago 

True in most cases, but I've seen people drive new Subarus, etc. for two years and sell them for $2k less than they paid.

You have to do your homework on which models and options hold their value the best, but it can be done.

0
0

[–] escape 0 points 0 points (+0|-0) ago 

Well, Subarus are wildly popular cars and retain their value well. I owned a 2004 Toyota Rav4 that I sold in 2012 for $10,000. Blue Book value was like 9000. We had people bidding off of each other for it. It was insane. Rav4s are extremely popular cars.

Try to do the same with a Hyundai or something. Won't happen.

0
0

[–] HowAboutShutUp 0 points 0 points (+0|-0) ago 

Yeah, but if you wanna pay the lowest possible price you want to buy a used car with high depreciation.

0
0

[–] triconda 0 points 0 points (+0|-0) ago 

Urabus.

0
2

[–] e0steven 0 points 2 points (+2|-0) ago 

I've read a bit here and there from places like Edmunds CarFax and other personal finance places. The jist, as far as I know, is that you'll see immediate depreciation of your new vehicle of several percent just driving it off the lot.

If you are the type of person who:

  • Likes driving new cars
  • Likes getting a new car every 2-3 years
  • Likes not having to pay for and/or worry about maintenance
  • Likes having a full factory warranty for pretty much everything
  • Want to just walk into a dealership with little to no idea what you want
  • Will more than likely want to get a new vehicle before a standard 3-5 year loan would be paid off

Get a new car.

If you are the type of person who:

  • Drives a car until the wheels possibly literally fall off
  • Are comfortable either doing or paying for regular maintenance
  • Are comfortable with having possibly major repairs (emergency fund etc etc)
  • Will more than likely pay off the loan or you can pay in full
  • Are comfortable doing your research and can spend more time looking for the right vehicle

Get a used car.

0
1

[–] schwanstucker 0 points 1 points (+1|-0) ago 

Depends on several things. Toyotas, for instance, often have nearly the same pricing for new and near-new. Also, near-new CAN be "repossessed." That's a pretty mixed bag. GF and I went shopping for her new Toyota this Spring. We found new pricing actually just a bit better for the car she wanted. We just watched the "internet deals;" there was just a bit less gingerbread, but there was also a new warranty and complimentary service for two years.

0
1

[–] escape 0 points 1 points (+1|-0) ago 

Always buy 1-2 years old at the very least. You lose literally nothing and you save thousands of dollars. I bought a 2013 Honda Pilot for my wife and it was like $4000 less than the 2015. Same features. It had 18k miles when I got it. That's just broken in.

load more comments ▼ (14 remaining)