Why Do YOU Buy Cars New?

[P1ng]

i would buy new cars just soley because of the break in period... i dont want to have a car that some kid bought brand new and topped out everywhere for 5k miles.

[IceColdCivic07]

Originally Posted by Design

Came across this link in another forum which has generated some good discussion (not sure if it's been posted here). Personally, it's forced me to rethink the whole process of buying a new car every 4-6 years.

Link: Drive Free. Retire Rich.

So, for those that do, why do YOU buy cars new?

thats a cool little vid. i like the concept i think its easier said then done tho.

[I Vtec, do you?]

What a crappy vid, I just watched it. As Janizary said, it sounds good, but if you think about it, it's all a load of BS.

12% is the avg interest collection!? I get 3% in a safe one right now, 12% would be quite risky me thinks.

Not only that, but how the hell did they get $5.5 million if you put away a car payment every month for 40 years? I wasn't paying much attention until I heard that. Just doing the math, 40 years x $475 car payment is like a 1/4 of a million. Are we back to this insane interest rate again?

And finally.. where are they finding all these cool, awesome cars for 6k, 11k, etc? You can't blame people for wanting to drive a car that isn't a POS all the time. And a car doesn't lose a 1/4 of its value the 2nd you drive it off the lot... unless it's a Dodge.

[nayilsi]

I didn't want to sit on other people's Farts. Ive done that in the past though.

[boltuprite]

while you can get som great used cars, it's hit and miss unless you know the history of the car and how it was cared for and driven.

As mentioned, starting new, you know how the car is looked after from Day 1.
If you buy Honda or Toyota etc. depreciation is minimal. If I was buying American wheels, then I would consider buying a 1 or 2 year old model as they tend to depreciate the greatest in the first couple of years.

[cambodianricer]

you know 100% that you're the 1st owner

SI, type-s, Si-R, etc were driven hard... how hard ???? you never know

warranty, someone to bitch at when something goes wrong

alot of other stuff. mostly PEACE OF MIND! HONDA FTMFW

[leonphelpss11]

Originally Posted by I Vtec, do you?

What a crappy vid, I just watched it. As Janizary said, it sounds good, but if you think about it, it's all a load of BS.

12% is the avg interest collection!? I get 3% in a safe one right now, 12% would be quite risky me thinks.

Not only that, but how the hell did they get $5.5 million if you put away a car payment every month for 40 years? I wasn't paying much attention until I heard that. Just doing the math, 40 years x $475 car payment is like a 1/4 of a million. Are we back to this insane interest rate again?

And finally.. where are they finding all these cool, awesome cars for 6k, 11k, etc? You can't blame people for wanting to drive a car that isn't a POS all the time. And a car doesn't lose a 1/4 of its value the 2nd you drive it off the lot... unless it's a Dodge.

Um, you should rewatch the vid if you don't know how they got 5.5 mil

[tonyCiviCitalia]

in this day and age there might be more rationale behind buying somehing "used," however I will always want new since I can consider it my car. Its just something about it being new.

[cambodianricer]

Originally Posted by tonyCiviCitalia

in this day and age there might be more rationale behind buying somehing "used," however I will always want new since I can consider it my car. Its just something about it being new.

yea. i care about new cars WAYYY more than used cars...

it's like getting a gf that's a virgin or not. it hard to explain...

[CivicEX08]

• I like the new car smell
• I like to know how the car was taken care of from the beginning.
• No compromising on add-ons [Navigation for example].
• All the maitenance records are kept by me from beginning to end.
• The life of a car is longer since it's brand new.
• All stock. Never been after market.

[cambodianricer]

Originally Posted by CivicEX08

• I like the new car smell
• I like to know how the car was taken care of from the beginning.
• No compromising on add-ons [Navigation for example].
• All the maitenance records are kept by me from beginning to end.
• The life of a car is longer since it's brand new.
• All stock. Never been after market.

[alienshards]

I think it's nice to start with a new car. You know it, it's yours and yours alone. But that nice video makes a lot of good points.

I'm definitely going to try to keep my SI as long as possible. that's why I'm starting new. My first car was a 96 accord- it's still going strong. First car my dad ever bought new. Never had a break down- perfectly maintained. Biggest issues were a broken muffler and a broken window motor. Now my sister's driving it, and it's still doing fine. 150k on it.

buy new- that way you can keep it maintained properly. But buy a good 15 year car, not a 5 year car.

[20strong]

I bought a new car becuase I dont want ot have to buy another one for as long as possible. So I know that the car has it maintance done and is well taken care of.

[ryker]

New or used I only purchase good deals.

My Civic was purchased new. I looked for used or CPO and they were as high or higher than what I could pay brand new. Even a year later the Civics on the used market are still demand a high value. I will hand wash and hand wax my car, log in all maintance records, and will ask a high fair resale value when I private sell the car. I also like a new Honda with the extra warrenty.

Buying used without a warrenty can be risky and a hassle. Just one major visit to the stealership could offset the money saved buying used.

In the past I've bought used.
CPO (cert preowned) 55k Benz ML430 with 9k miles on it for 22k. Drove it for a few years and sold it for a decent price.
A used 2003 Jetta TDI drove it for three years. Tires worn out and still got near what I paid for it.
Recently bought a 2006 Mini Cooper S loaded with all options and a near 10k invoice in Dinan and JCW upgrades. For less than book value.


The key is to only purchase good deals. Then sell private party and attempt to sell at a good price.

[ryker]

Originally Posted by I Vtec, do you?

And finally.. where are they finding all these cool, awesome cars for 6k, 11k, etc? You can't blame people for wanting to drive a car that isn't a POS all the time. .

Cool? or just a means of transport.. 11k can buy you a nice car.

2000 Volvo S70 GLT Turbo 56k miles for $11k
2000 BMW 323i 61k miles for 11k
2000 Volvo S80 T6 38kmiles for 9k
2003 Ford Focus SVT Hatchback 43k miles for $8400 (almost bought a SVT)
2002 Mercedes-Benz C230 2.3L Kompressor Sports Coupe 38k miles for 12k
2000 Benz AMG ML55 (65k new price 342hp) 60k miles for $14700

[dobiejoe]

Cause I can

[SiCivic83]

When you buy someone else's used car, you're also buying the problems that come with it.

[volvo9]

I think I'm done with buying new cars, I donno though. I've just had horrible luck with them and can't justify paying monthly payments on cars that still have problems and that I have to worry about where I park and that I have to take great care of.

I had a new 05 Ford taurus and it was flawless except for a water leak that the dealer could not get fixed. So I traded that on a new 07 Si and made more trips to the dealer in 15k miles for mechanical problems than I made with the Taurus.

Now I've got a used 04 Taurus that I got in near showroom condition with 14k miles on it. Much better deal if you ask me since someone else already took the depreciation hit and even if it has some problems at least I'm not making huge payments on it. I've already put 12k miles on it and have not had to do any repairs, so I couldn't really be happier unless it was paid off.

If I could have it my way I'd sell my current car and drive a $4000 older turbo volvo or something. No car payments, cheap insurance = more savings for me.

[InfamousN]

Originally Posted by CivicEX08

• I like the new car smell
  
• I like to know how the car was taken care of from the beginning.
• No compromising on add-ons [Navigation for example].
  
• All the maintenance records are kept by me from beginning to end.
  
• The life of a car is longer since it's brand new.
• All stock. Never been after market.

Basically, yeah.

[ImTheVoiceOfGod]

In a feeble attempt to get women to like me for my material possessions.