4 ms·
This explains better what I was trying to say. Used car shopping is stressful. You never know (unless you're a mechanic or something) if you're getting a good c
by DanielStraight 17y ago
This explains better what I was trying to say. Used car shopping is stressful. You never know (unless you're a mechanic or something) if you're getting a good car. You never know if you'll have problems a week later. With a new car, you're protected by warranties at least for a while. Also consider that being the sole owner of a car might make it easier to sell used.
I think the simple fact is that the issue is not simple. It's not enough to say new cars have a huge initial depreciation, so you shouldn't buy them. There are way more things to consider.
- jrwoodruff 17y agoI've never owned a new car. In fact, most of the cars I've owned were between 5 and 10 years old when I bought them. That said, I really prefer buying off private sellers, especially when they're the ones that bought the car new. They might be pulling one over on you, but it's easier to judge the history of the car when you meet the owner, see their garage/driveway. If you just need a car to get you from point A to point B, there's no reason a 5-year-old Honda won't work for you. Especially if you're a two-car family. Obviously, though, there are other considerations. If you drive 50,000 miles a year for work, a new car is probably smarter. But for the average commuter, I don't think it's necessary to drop 25 large to get a reliable vehicle.
- Poiesis 17y agoUsed cars from a decent dealer nowadays have a modest warranty.