Date: Sat, 16 Mar 2002 15:01:02 +0000
From: Johannes H Andersen <johsnopsamanytime.co.uk>
Subject: Re: Buying  new 2001 9-5


JMEL5 wrote: > > Well, depreciation aside, he still doesn't want to overpay for a car, > regardless of its value in 1, 3 or 5 years. Even if he was going to keep the > car for 10 years or more, the best price is still the objective. For most > people depreciation factors in for resale value and also the value of a car at > the end of a lease, which affects lease payments. Technically, the 2001 on the > dealer's lot is new, but, as the weeks pass, that new car argument by the > dealer goes out the window as the 2003's are introduced by other car makers, > including Saab. > > JJ Quite true. The best deal is to buy the 2002 model. But if his budget is just short, then he can only choose the 2001 model (shop around for a better deal) or wait until the 2002 models are heavily discounted. In any case, you only buy a new car if you have money to spare and don't care. Johannes > >The dealer is selling you a "new" 2001 car. If YOU were trying to sell > >the same car, then it wouldn't be new and there would be some eyebrows > >raised about the reasons for selling the car after such a short time, > >that risk reduces its value. However, if you keep the car for say, 5 > >years, the difference in depreciation would not be so great.

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