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#21 (permalink) | |
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Senior Member
Join Date: Jun 2009
Location: Arlington, VA
Age: 28
Posts: 5,999
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Quote:
If you buy a car new and tried to sell it the next day, then yeah you'd lose a lot of money. But if you kept it for 5 years or more, then the overall rate of depreciation is about the same. |
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#23 (permalink) |
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Senior Member
Join Date: Jan 2009
Location: Pittsburgh,Pa
Posts: 665
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I stand corrected 3300 miles
2013 Scion FR-S Base, $23,995 - Cars.com |
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#24 (permalink) | |
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Senior Member
Join Date: Oct 2010
Location: the 401
Posts: 289
Sean
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Quote:
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#25 (permalink) | |
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Senior Member
Join Date: Sep 2007
Posts: 10,902
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Quote:
Many fully loaded cars and most luxury brands drop value very quickly in the first year of ownership. The loss in value is even greater on a new car that's sold with hyped up prices ![]()
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#26 (permalink) | |
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Senior Member
Join Date: Sep 2007
Posts: 10,902
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Quote:
Quite a few of these used cars on the market- Which doesn't support the hype of this being the best car since the model T. |
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#28 (permalink) | |
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Senior Member
Join Date: Jun 2009
Location: Arlington, VA
Age: 28
Posts: 5,999
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Quote:
I'm only saying, if you plan on keeping a car for a long time, it really doesn't matter if you buy it new or used. Plus there's additional perks of buying new (longer warranty, depending on brand/dealer, free scheduled maintenance for x years and z miles, the comfort of knowing that no one mistreated the car prior to you buying it, etc), so it really depends on other variables as well. And if you plan on driving it until the wheels fall off, then it really doesn't matter at all. However, if you are the type to keep a car for a couple years, get tired of it, and move on, then you'll have to carefully consider buying new vs. used. |
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#29 (permalink) |
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Senior Member
Join Date: Sep 2007
Posts: 10,902
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The average 11% loss is after just one minute of ownership. You just paid 2500-3000$ to say you bought a new car. I said one day but it could be one month or one year- then the loss in value is average 20%. This is average number. As I said many fully loaded cars and luxury brands drop even quicker.
Often with the factory certified pre-owned cars they come with a longer/better warranty than new, at a premium price. Mistreated car- unless its a manual trans or a teenager your not going to have that much wear in a car with less than 10k miles. Now 50k on a car with wrong oil grade and bad oil change frequency, yes some wear. Just ask for service records. Very very few people keep a car for more than 4 years. |
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