Used buyers think it's a trick, but it's true! - Saab General Bulletin Board - Saabnet.com
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Everyone thinks they are being so clever by buying used. Let someone else pay the depreciation they cry.
It's nice to hear a little reality. Used cars depreciate as much if not more in the same period of time. So a three year old car has depreciated "X" in three years and a six year old car depreciates MORE than "X" in the next three years. After you add in the maintenace that older cars invariably need, and eliminate the financial incentives that manufacturers offer, A USED CAR CAN COST MORE.
Not every time and in every case, but take a 9-3 convertible; $3,500 down and $399x48 a month on a new one with a list of $41,095 or $3,500 down and $442x48 for a $20,000 used one. How much is that now 8 year old car that you own going to be worth? At normal mileage you'll have between 96,000 and 120,000 miles on it.
posted by 206.251.225...
Posts in this Thread:
- the price of used car ownership--4 yr lookback, Dan A, Wed, 8 May 2002 12:09:19
- New for same cost - And it's new too!, Mike Lynch
, Thu, 9 May 2002 18:57:55 - You done good, my thoughts........, pursang, Wed, 8 May 2002 12:47:35
- Re: the price of used car ownership--4 yr lookback, 91Aero.jr, Wed, 8 May 2002 12:30:12
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