CPO for me, typically off lease, low miles, 4 year warranty.
Are you normally a new or used vehicle buyer?
- Thread starter ZZman
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New. Nothing fancy and I keep them a long time.
As a teenager and young adult, used with cash.
As an adult and parent, new with warranties and pretty much zero interest loans.
In 2024 - I’ll probably end up buying a low miles used truck with a loan (will play with numbers to minimize interest paid and maximize returns on cash I would have spent on the truck) to offset the obscene vehicle costs and higher interest rates.
As an adult and parent, new with warranties and pretty much zero interest loans.
In 2024 - I’ll probably end up buying a low miles used truck with a loan (will play with numbers to minimize interest paid and maximize returns on cash I would have spent on the truck) to offset the obscene vehicle costs and higher interest rates.
New.
I've only ever had one new out of the six vehicles I have purchased. I would love to buy a new car just for the kicks but I have to live within my means!
I've only bought new since the early 90's. But would make an exception for a specific vehicle (car, motorcycle, RV) I wanted that's need made anymore.
In my younger years, I bought well used because thats all I could afford. Now, I normally buy new base models of a reliable manufacture( example Toyota, Honda) at end of year discount pricing. It takes some effort keeping a vehicle rust free here in the salt belt so I figure I have a better chance of doing so starting with a new car under only my care. I enjoy maintaining the best I can with frequent fluid changes, fluid film undercoating, washes, etc.
Typo. "Need" to not.
Used. New is a 30% drive off loss. Now, I’ve bought 3 cars new and lost money on all. I like private, one or two owners.
That's my usual approach as well; I've bought 4 BMW and 1 Mercedes that were CPO cars. I have only bought new when I wanted a car that was relatively rare and not available used- that was the case with the Club Sport and the Mazdaspeed 3.The Club Sport was ordered and it took a wide-ranging dealer search to find an MS3 that was equipped as I wanted.
I know some wring their hands and fret about a prior owner's maintenance regimen, but with one exception 40 years ago I've never had an issue with a used car that could be laid at the feet of a prior owner. Depreciation is my friend and has allowed me to buy cars that I never could have afforded new, so I'll gladly take a chance with an entertaining used car as opposed to a new car that would bore me to tears.
Every time.
For me it’s a mix of either. Also depends on the deal.
Right now most used stuff is still selling for closer to new around here. So for a few grand more, new still makes more sense year.
My Trax and Equinox started as leases as I wanted to see how the turbos held up. They did well, so now they are almost paid off.
Actually looking for a few beater cars now…..
Right now most used stuff is still selling for closer to new around here. So for a few grand more, new still makes more sense year.
My Trax and Equinox started as leases as I wanted to see how the turbos held up. They did well, so now they are almost paid off.
Actually looking for a few beater cars now…..
Depreciation has depreciated (see what I did there?) over the last 5 years though. 1-2 year old cars selling for 10% of new.
Used. I don't want new. I figure I save a bunch of money (and time actually) by buying something that's already had the kinks worked out. Would be interesting to own a vehicle from new just for testing, but can't justify the cost.
I bought a motorcycle new once.
For cars, I have been buying cheaper and cheaper cars (accounting for inflation) through the years. In 2000, I bought a three-year old Maxima with 60,000 miles. That has been the only car I made payments on. My most recent purchase was a 14-year-old Prius with 208k and peeling paint. But I think the NEXT car we get will be a nicer one.
For cars, I have been buying cheaper and cheaper cars (accounting for inflation) through the years. In 2000, I bought a three-year old Maxima with 60,000 miles. That has been the only car I made payments on. My most recent purchase was a 14-year-old Prius with 208k and peeling paint. But I think the NEXT car we get will be a nicer one.
Patman
Staff member
Not these days it isn't. I paid $63,000 (Canadian dollars) for my 2018 Corvette new and to this day I could still get close to that amount for it if I sold it. The used market has changed a lot.
