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Re: Jeep Wrangler! - Stupid money.... Posted by TML [Email] ![]() ![]() ![]() In Reply to: Re: Jeep Wrangler! - Stupid money...., mrhankey, Sat, 6 Jul 2013 03:27:44 Members do not see ads below this line. - Help Keep This Site Online - Signup |
If one guy is buying them new and selling after 5-10 years for a high price, another guy is buying them 5-10 years old and running them until they're wrecks, and 20 years later they've both spent the same amount of money, which one is stupid? Cars wear out, so they can't hold their value indefinitely. If you pay 60% of new price for a car with 40% of its useful life remaining, then you made a stupid purchase; you can't even really debate it. With most cars, it goes the other way; used price is 90% of new price about 2 seconds after it's originally sold, then with about 75% of the useful life left, price is less than half (usually much less). That's why buying used cars is always better than buying new (financially), unless you're being stupid about it as in the above example.
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