are addicted to buying brand new cars and taking the depreciation up the ass ???? Who buys 2 yr old and who perhaps 5 years old after the car has lost most of its value.
Who all here
- Thread starter hammer1
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I only buy used cars but I buy nice used ones. I like to work on my own cars so everything is changed for me because of that. Most really nice expensive cars cost too much to work on so even when they're used people that could afford the cost of what the car should be worth can't afford it because the cost of repairs is too high. Because of that things like Range Rovers and the like can be purchased for really good deals. I've bought my last two Rovers used and couldn't be more happy.
we have a 2002 jeep g.c. and a 2002 olds in excellent condition....we could afford a new car but we aren`t trading them out until they die...I personally hate all the computer/social media crap they`re integrating into autos and am trying my damndest to avoid buying something new....just more shit to have to repair when it goes south....gimme something that gets me where I need to go reliably........
I have a 1993 Ford Bronco that is not depreciating at all, I don't drive it much but it is fun to drive. My everyday driver is a 2002 Acura TL that is very reliable.
I would never buy new became I am not in a situation where I need a new vehicle.
I would never buy new became I am not in a situation where I need a new vehicle.
Agree 110 % cars are such a horrible waste of money but we all have our choices i like to go out to eat most times thats my car payment. I get em used w low low miles 5 years or older get ext warranty and i am good ta go. I got a 2005 Caddy deville w 42,000 miles last year for $5000 Gold package Custom Grille and top ....... orig list $50,000 runs n drives and smells like new...just a stunning car. Think Jackson has one too...
- Mar 31, 2016
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I lease. I get a new car every 3 years........... zero down, 36 month 15K lease. I usually shop 3 dealerships against each other. I'm pretty good at wheeling and dealing so I strictly shop for the lowest monthly payment. That's just how I roll............:SIB
If ya don't drive 25,000 miles /year like i did going back and forth to Las Vegas and Chicago and the west coast thats prob the best option I looked into it also year before i got the caddy and i got an offer of $99/ mo on an Elantra and $149. on a a Honda Fit Best time to buy or lease is between X Mas and New Years when no body is in the showrooms What do u lease and u pay more fe 15,000 miles vs the st 12,000 whats is your payment... just curious
- Mar 31, 2016
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I think I better not say...........I'll just be called a liar and I'm tired of that. I'll just say 15K works for me while 12K wont.
Ok yes i know its better to buy and hold for ever but if ya get a cheap enough payment and it doesn't stretch you and you drive with in the mileage limit and u want a new trouble free car with a warranty i wd think its a viable option What do you drive ? In my opinion its best to buy vehicles where a big part of the depreciation has already occurred...
Yeah that may be ... so i understand Pers i don't care if you lease an AMG or a Buggati Veyron....
Had a neighbor that bought one, gold if I remember correctly.
It was originally designed for a Wankel rotary engine,,,did not happen.
We called it a "Fishbowl on wheels".
Rear end looks like a later Porche..
It was originally designed for a Wankel rotary engine,,,did not happen.
We called it a "Fishbowl on wheels".
Rear end looks like a later Porche..
We have a 1999 Camry, and a 2002 LeSabre. Both have 250,000 miles.
We know we have to get a newer car, so I've been looking around. I find, at least here, that once a car hits 40,000 miles, the price slashes pretty good. The next slash is around 90,000 miles. I would have no problem buying a one owner car with 100,000 miles on it. I can squeeze another 100,000 out of it.
I would rather spend $12-15,000 on a used car, than $35,000 on it's new model.
We know we have to get a newer car, so I've been looking around. I find, at least here, that once a car hits 40,000 miles, the price slashes pretty good. The next slash is around 90,000 miles. I would have no problem buying a one owner car with 100,000 miles on it. I can squeeze another 100,000 out of it.
I would rather spend $12-15,000 on a used car, than $35,000 on it's new model.
I buy new drive until 130,000-150,000 or have a big issue then buy another new vehicle :shrug: I'm 40 and have had 4 vehicles in my life, living in Houston I drive way too much, I'm able to buy at fleet prices and pay no sales tax :00hour
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Toyota Tacoma 2013, Lexus RX350 2011 were both bought with cash and that was the first time ever that I bought new vehicles. If you are borrowing money to buy a vehicle, you need to make sure it has at least 15,000 miles so that your not paying for depreciation on a depreciating asset. I will get at least 250,000 miles on the Lexus and 400,000 miles on the Tacoma. I have never understood why anyone trades cars every couple of years. That's such a waste of money, period.:0008
Exactly right and thats the whole point of why I asked the question.... although with loan rates at historical lows if your paying 0% to 2.99% you can get higher rates of return elsewhere if you didn't buy for cash.
If you pay 30 40,00 for a car in cash you cd make a better ROR {rate o Return} on that $40,000 elsewhere .......perhaps way way better .
