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-- Buying Cars


Posted by sa2go on Dec-05-2007 05:32:

Buying Cars

If your on a budget or even have some dough why the hell would anyone these days buy something new? I had a friend who went out and dropped 30k on a new 2008 car, I have no idea what the make is.


There's that saying that once you buy a new car and drive off the lot your car instantly loses half of it's value.

Little vent I had tonight


Posted by King Luis on Dec-05-2007 15:33:

Re: Buying Cars

quote:
Originally posted by sa2go
If your on a budget or even have some dough why the hell would anyone these days buy something new? I had a friend who went out and dropped 30k on a new 2008 car, I have no idea what the make is.


There's that saying that once you buy a new car and drive off the lot your car instantly loses half of it's value.

Little vent I had tonight


warranty, brand new car means there's no hidden problems with it.
buying new you get to customize what you want to buy with it. (order the options you want) instead of getting a colour you don't want but the options you want or vice versa.
just some off the top of my head.
i bought my car used cause it was $90,000 new and i couldn't buy the car any more cause they stopped making it. (i saved half but i didn't get the colour, interior or exterior i wanted. i wanted white on red but got gray on black.)


Posted by stever on Dec-05-2007 18:29:

Re: Buying Cars

quote:
Originally posted by sa2go
If your on a budget or even have some dough why the hell would anyone these days buy something new? I had a friend who went out and dropped 30k on a new 2008 car, I have no idea what the make is.


There's that saying that once you buy a new car and drive off the lot your car instantly loses half of it's value.



theres depreciation in anything purchased new, obviously- as it changes status from BRAND NEW to USED merchandise.

Roughly 30% of the value of the vehicle is lost within the first 3 years of ownership.

The most depreciation is found to be on the entry level, "value" trim vehicles. top line & fully loaded models retain their value most.


so, if you wanna get the most bang for your $..(write this down, kids- its gonna be on the test)


buy a 3 year old, fully loaded vehicle-from a dealer- and get an extended warranty that the manufacturer approves. (you can get a warranties that extend to over 120,000kms)


Posted by Izra on Dec-05-2007 18:43:

You are paying for the new car smell, totally worth every penny !


Posted by smuncky on Dec-05-2007 18:45:

quote:
Originally posted by PartEgurl
You are paying for the new car smell, totally worth every penny !



that smell is actually really bad for you.


Posted by Jem_hadar on Dec-05-2007 18:48:

Re: Re: Buying Cars

quote:
Originally posted by King Luis
o warranty, brand new car means there's no hidden problems with it.

o buying new you get to customize what you want to buy with it. (order the options you want) instead of getting a colour you don't want but the options you want or vice versa.


^^ 2 VERY GOOD and common reasons.

If you have the money, -- ITS WORTH IT.

Why not make available to yourself all the options you want -- colour, accessories, etc.

Also, though this only relevant in the case of a re-design of a model in teh curernt year, but what if you truly love a new re-designed vehicle style (the current year's), but not so much the look/features avaailable on the prior generation (last year's and before's) ???

Your only option here is to go new.


Posted by Jem_hadar on Dec-05-2007 18:50:

quote:
Originally posted by smuncky
that smell is actually really bad for you.


LOL... well, that hasnt been definitively proven I dont think... ?(was reading/hearing about this very recently)

But there is a lot to suggest that plasticizers (sp?) may be harmful to humans over time, yeah.

And that "new car smell" is the plasticizers that are in the plastic of the dashes, etc.


Posted by evil_cookie on Dec-05-2007 23:23:

Re: Buying Cars

quote:
Originally posted by sa2go
If your on a budget or even have some dough why the hell would anyone these days buy something new?




yeah you're right, we should just get brand new horses instead - I hear they don't depreciate as fast.


Posted by techead on Dec-06-2007 01:04:

Re: Re: Buying Cars

quote:
Originally posted by King Luis
warranty, brand new car means there's no hidden problems with it.
buying new you get to customize what you want to buy with it. (order the options you want) instead of getting a colour you don't want but the options you want or vice versa.
just some off the top of my head.
i bought my car used cause it was $90,000 new and i couldn't buy the car any more cause they stopped making it. (i saved half but i didn't get the colour, interior or exterior i wanted. i wanted white on red but got gray on black.)


what is it ??


Posted by King Luis on Dec-06-2007 01:23:

here's what i wanted...

with red leather

here's what i got...

with black leather


Posted by jchung52 on Dec-06-2007 01:34:

i suggest looking into demo models. got my summer/family car Volvo s70 fully loaded for 10k less than regular. they even offered to throw in the turbo for free but my mom didnt want me driving around with an extra 100 horses. car came with only 12k on it


Posted by techead on Dec-06-2007 02:59:

quote:
Originally posted by King Luis
here's what i wanted...

with red leather

here's what i got...

with black leather


very very nice

I love white over red
works well with most sports cars
the one you got is still very sharp though


Posted by VERTiG0 on Dec-06-2007 20:26:

I'll take black with tan leather and 20,000kms for $20,000 than brand new, exactly what I want for $40,000.

Buying new is for people who can afford to, or people that love throwing their money away.

See: High end luxury cars. The vast majority of BMW 7-Series, Mercedes S-Class, etc., are all leased. Why? They lose their value faster than any other type of car on the market, and are often kept for only a year or two.

People with lots of coin got that way not because they are careless with their money.


Posted by StereoPrincess on Dec-06-2007 21:31:

maybe they couldn't find the car they wanted used?



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