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What's not horrendous?..Paradigms explained.... Posted by Mike Lynch [Email]  (#81) [Profile/Gallery]
(more from Mike Lynch) on Thu, 19 Jun 2003 15:22:42
In Reply to: Re: 9-5 vs A6 avant, 5 series, C-class, W8, V70, Kevin, Thu, 19 Jun 2003 12:34:25 Members do not see ads below this line. - Help Keep This Site Online - Signup |
If you've never had enough dough to enjoy a new car don't sour everyone else on the experience by labeling depreciation horrendous. Autos all depreciate, and new and used cars depreciate at roughly the same rate. That $22k Certified used Saab your smiling about will be a $8k trade in in 3 years and 50,000 more miles. You said it, the dealer paid $15-18k and now that you've taken it off his lot and you want a to trade for sport utility because it's become too small he'll give the sport-ute dealer a $14k bid!
I used to have the same paradigm, that depreciation was intolerable on new cars. It's a great marketing tool when your selling used cars for a living. But I had some friends I sold on that premise and 3-5 years later when they came back they weren't really in a better, and in some cases the were worse off, than if they had bought new.
If a used vehicle is your budget fine, but if a new vehicle is in your budget don't be swayed by that old argument "Why not buy a used one a couple of years old?" and beat the new car depreciation. The difference is not the rate of depreciation, it's just the scale of your personal budget. A new car has brand new everything and a better warranty to minimize unforseen costs and the satisfaction of a new car is a very memorable worthwhile thing.
If you buy new you won't "need" a newer car near as often, you won't be on a first name basis with a mechanic who's kids are in college, and by buying a new Saab you'll likely spend less than you would on a used competitor and get a better car.
posted by 207.158.49...
, Thu, 19 Jun 2003 20:31:56, Thu, 19 Jun 2003 15:22:42 <-- Viewing This Message, Thu, 19 Jun 2003 15:25:43, Fri, 20 Jun 2003 12:47:44, Thu, 19 Jun 2003 15:33:30
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