new or used car
- Started
- Last post
- 18 Responses
- seed
What do you think is the most economical way to buy a car?
I consider buying a car to generally be a bad investment. I am thinking it may be best to buy a car that is a couple years old so it is still nice but someone else has taken the first major depreciation hit.
- mrdobolina0
you are exactly right about buying used. it is never really a good idea to buy new, economically.
has NT become the autotrader forum?
- mevsthem0
used will give you problems.
they never tell you the problems.
u could get it check but even then you run into problems we have 2 new cars and 1 used take it from me don't buy used. get a new cheap car and make sure its safe.
- jevad0
used is fine if a couple years old
- spiralstarez0
no problems with used - just buy a couple of years old and then it is still on warranty.
Have a mechanic check it out first and you are usually safe. Only people who get duped on used are people who don't do this step.
I've heard that as soon as you drive a new car off the lot, price goes down 30%
- superbaka0
not all cars loose so much value..esp. european cars like bmw's , audi's, and porsche's, which loose very little value because they have proven to last for so long.
- _me_0
new. think of *that smell.
- woodyBatts0
If you get a new car at a awesome interst rate ( like 0-4% ) you can trade it in 3 years with it worth money, as long as it's not a suzuki or hyundai ( or other economy cars )
- designerror0
a brand new car loses 8% of it's value the minute you drive off from the dealer because it's then considered a used car...
- woodyBatts0
A new car is not an investment...
a used car loses more than 8% every time it is retitled
seriously, I used to sell cars.
- canuck0
I am looking at getting a used car in a couple of months. I think it's the best route to take. Probably look for an economy 2002 vehicle.
- superbaka0
Enter response:a brand new car loses 8% of it's value the minute you drive off from the dealer because it's then considered a used car...
designerror
(Mar 8 05, 16:37)and thats in addition to the 8% tax you pay that you also don't get back ever.
- blackspade0
a car isnt an asset
its a liability
- bgheen0
Marry someone who has employee discounts at an auto company.
My mother works for Ford (I'm from Dearborn...go figure), she just got a fully loaded Mariner for 2,000 a year (2 year lease). That's cheaper than a beater...and the fucking thing is gorgeous.
mmm ebony wood....
- superbaka0
actually that i would disagree with.
if you pay cash for a $25k car, have you just lost $25k? just because something does not *gain* value does not make it a liability.
would you not consider your net worth $25K, minus the bit of depreciation? of course you would, you just have to be aware you wont make money on the car.
- designerror0
my 43 years old Morris Minor is worth 4 times the amount paid for it back in 1962
- CyBrainX0
Of course buying is not worth it. If you have a lot of repairs on a used car, it's probably not going to cost you as much as the depreciation.
Leasing is by far the most expensive way to own though.
- woodyBatts0
I hope I don't come off like an ass here, but seriously a car is not an investment. A car is a utility item like a coat, it serves a purpose it's not intended to make you any money.
You can get a good deal on a new car, you can get a good deal on a used. you can get bad deals on both
With all due repect to CyBrainX repair costs will far out weigh depreciation b/c repairs are constant, anyone who has owned a car that needs repairs knows that once you get a major repair, more continually follow, along with losing time, being late and all the other inconveniences it costs you far more to continually repair a vehicle, especially when you are currently making loian payments.
Leasing was never intended for a purchase and therefore is most expensive, but leasing is awesome especially if you want to not deal with depreciation and repairs. It's amazing what you can get if you lease, however you better not go over that mileage, it's cheaper to just turn it in and buy out the lease.
- blackspade0
"but seriously a car is not an investment. A car is a utility item like a coat, it serves a purpose it's not intended to make you any money"
exactly
were talking your avergae new car
not a mint condition vintage vehicle or anything like that