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Where do you think your used car is coming from? If no one bought a new car for a year whose car would they buy? Buying used (or coming off lease) is generall
by evgen 15y ago
Where do you think your used car is coming from? If no one bought a new car for a year whose car would they buy?
Buying used (or coming off lease) is generally a wise choice, but sometimes there really is a qualitative feature difference between this year's model and previous ones. If you are selecting a vehicle with mediocre milage in the first place, getting a new model could mean a 15-20% difference in mpg and that will probably pay off the price differential between the new car and a used car.
- Androsynth 15y agoWhat would happen is the price of new cars would be drastically slashed until people started buying them. This would start a chain reaction that would propagate all the way down the supply chain. For the reason why this would actually be a good thing, I recommend (to everyone who will listen!) to read How an Economy Grows http://freedom-school.com/money/how-an-economy-grows.pdf http://freedom-school.com/money/how-an-economy-grows.pdf Its kind of long, but its a very entertaining read.