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Old 04-18-2013, 11:52 AM   #1
ThaVirus ThaVirus is online now
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Originally Posted by Bugeater View Post
And that's why I don't buy new cars. It's like lighting your money on fire.
Seriously. How much does a car's value depreciate the second you drive it off the lot? I'm sure the warranties would give me some nice peace of mind though.
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Old 04-18-2013, 11:53 AM   #2
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Originally Posted by ThaVirus View Post
Seriously. How much does a car's value depreciate the second you drive it off the lot? I'm sure the warranties would give me some nice peace of mind though.
I think between 20-30%?

might be off though. it's significant I know that.
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Old 04-18-2013, 11:56 AM   #3
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I think between 20-30%?

might be off though. it's significant I know that.
That's pretty incredible. I'll likely never buy a completely brand new car for that reason. Unless I was planning on riding it until the wheels fell off...

I think the best way to go is let someone else eat that and pick it up at a cheaper price 2 or 3 years down the line.
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Old 04-18-2013, 12:02 PM   #4
Dayze Dayze is offline
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That's pretty incredible. I'll likely never buy a completely brand new car for that reason. Unless I was planning on riding it until the wheels fell off...

I think the best way to go is let someone else eat that and pick it up at a cheaper price 2 or 3 years down the line.
that's what I did with mine. I think my Rabbit new was like $18k or there abouts. maybe around $20k.

got it for 10k 3 years later
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Old 04-18-2013, 12:07 PM   #5
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that's what I did with mine. I think my Rabbit new was like $18k or there abouts. maybe around $20k.

got it for 10k 3 years later
The wife's Camry was 5 yrs old when we bought it for $10k. It listed at $25k new. No way in hell was it $15,000 better when it was brand new.
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Old 04-18-2013, 12:07 PM   #6
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I've never bought new. Years back when I was considering a brand new vehicle, a buddy bought a brand new ford escort. It was nice , for a while, then began to have frequent mechanical problems. i bought a beater toyota corolla for $600.00 and it outlasted the escort by two years with no real problems. Not a slap against U.S. autos, I drive a Ford Windstar now. But I decided brand new was not worth it.
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Old 04-18-2013, 12:05 PM   #7
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Originally Posted by ThaVirus View Post
Seriously. How much does a car's value depreciate the second you drive it off the lot? I'm sure the warranties would give me some nice peace of mind though.
That's why you buy a car a year or two old.
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