4 ms·
I also don't know the real statistics, but I don't think it's fair to assume the used car will last the same as a new car. If new cars cost $30k and last 10 ye
by baumandm 7y ago
I also don't know the real statistics, but I don't think it's fair to assume the used car will last the same as a new car.
If new cars cost $30k and last 10 years, and used cars cost $15k and last 5 years, you break even.
Alternately if you always trade-in your car after 5 years to buy a new car, you'll end up paying a lot less than $30k each time.
- neogodless 7y agoYup, you got it. No assumption here that the car itself will only last 5 years. Just that people have their habits. If they weren't willing to buy a 5 year old car over their brand new car, they're also likely to want a new car when their current one is 5 years old. Of course, lots of people make better (in my opinion) decisions than that. But then they aren't the ones that need to understand where rationalizing spending money isn't actual logical.
- Spivak 7y agoI feel like I'm going mad in this thread. You buy a reliable used car with ~30k miles for half of the cost of buying new and then drive it until you hit 150k+ miles. Where are you buying cars where you're only getting a 50% discount from new with half of the cars useful life spent?
- neogodless 7y agoIndeed! I got a car with ~8k miles for 30% less than new. And it's a budget hatchback, not a rapidly depreciating German luxury sedan.
- alphabettsy 7y agoObviously because this is nonsense.