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New or Used Cars?

saevel25

By saevel25,
in The Grill Room

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Note: This thread is 3198 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

New or Used?  

22 members have voted

  1. 1. Which should you buy

    • New
      9
    • Used
      13

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jamo Incredible Member

jamo

When I bought my car almost exactly a year ago, the one thing I wanted to avoid more than once was the worry that something would go wrong ... a month from now, three months from now, a year ago, etc. I didn't want to buy something 5-ish years old where I'd miss out on those first 5 years of not having to worry about it not starting in the cold, etc. My only other option besides new was about 2 years old, likely a car coming off a lease, and I couldn't find anything that was significantly less expensive than just buying new.

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No Mulligans Great Member

No Mulligans

(edited)

My wife use to dream of owning a Porsche when she was in high school.  I'm considering surprising her for Christmas.  2007 Cayman 40K miles, $25k used (new they're about 70K):

2007 cayman.jpg

Edited by No Mulligans
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kpaulhus Great Member

kpaulhus

I bought a 2012 Hyundai Genesis R-Spec in 2014. Its basically a 5 series BWM with a 450hp V8 in it. Love this car. It was $55K brand new and I got it for $32K with 9K miles on it. I plan on driving it until the 100K mile warranty is expired, since there is a lot of tech in this car and I think repairs could get expensive outside of warranty. 

 

However, I did put 267K miles on my 06 Lincoln Zephyr before I hit a pot hole on the way to look at my Genesis. That car had another 100K miles in it with very minimal maintenance. 

Kyle Paulhus

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GolfLug Incredible Member

GolfLug

I am now biased towards new. For me the loss of 15-20% value as soon as you drive off the dealership doesn't mean anything since I am not going to sell it next day. Over time the value loss curve evens out to about same differential as a used car when time comes to sell it assuming it is 5+ years after. At least it is not much anymore in realm of car values these days.

Sure there are less guaranteed headaches over life of ownership but after 2 years of having bought a new car for the first time in my life, I would say don't discount the intangibles of driving one.  

Vishal S.

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Dave2512 Super Member

Dave2512

Been in the biz for 20+ years. Tough question to answer considering all the different personal situations.

I buy used because I buy wholesale and because I don't keep cars long. Not sure that would ring true if I didn't have access to whatever I want at dealer cost.  Knowing what I do if I was out of the biz and in the market I would buy new and lease. But it would be something like a Toyota truck where I know the silly high used prices would be significantly higher than the residual at lease end. Then I'd finance it with my credit union and be in it for less than I could buy the same thing for used.

Dave :-)

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Lihu Incredible Member

Lihu

2 hours ago, No Mulligans said:

My wife use to dream of owning a Porsche when she was in high school.  I'm considering surprising her for Christmas.  2007 Cayman 40K miles, $25k used (new they're about 70K):

2007 cayman.jpg

25K for a Christmas present? We need to become friends!

 

:-D

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No Mulligans Great Member

No Mulligans

1 hour ago, Lihu said:

25K for a Christmas present? We need to become friends!

 

:-D

The check won't be from "my account", it will be from "our account" (we don't have separate accounts).  So in a sense I'm spending her money too.

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Lihu Incredible Member

Lihu

1 hour ago, No Mulligans said:

The check won't be from "my account", it will be from "our account" (we don't have separate accounts).  So in a sense I'm spending her money too.

Still a really nice present! She'll owe you a lot of good cheer this year! :beer:

:ping:  :tmade:  :callaway:   :gamegolf:  :titleist:

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Ping i20 irons U-4, CFS300
Callaway XR16 9 degree Fujikura Speeder 565 S
Callaway XR16 3W 15 degree Fujikura Speeder 565 S, X2Hot Pro 20 degrees S

"I'm hitting the woods just great, but I'm having a terrible time getting out of them." ~Harry Toscano

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Mr. Desmond Super Member

Mr. Desmond

(edited)
5 minutes ago, Lihu said:

Still a really nice present! She'll owe you a lot of good cheer this year! :beer:

I don't know. If she is like other women, a car is worth one point, just like washing the dishes...:-O

A Porsche? Maybe 3 points.

They are always keeping score ... 

Edited by Mr. Desmond
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Lihu Incredible Member

Lihu

13 minutes ago, Mr. Desmond said:

I don't know. If she is like other women, a car is worth one point, just like washing the dishes...:-O

A Porsche? Maybe 3 points.

They are always keeping score ... 

So. . .you're saying that every time I wash the dishes 3 times I can get out of purchasing a new car or something else of value? Very cool info. . .:-D

:ping:  :tmade:  :callaway:   :gamegolf:  :titleist:

TM White Smoke Big Fontana; Pro-V1
TM Rac 60 TT WS, MD2 56
Ping i20 irons U-4, CFS300
Callaway XR16 9 degree Fujikura Speeder 565 S
Callaway XR16 3W 15 degree Fujikura Speeder 565 S, X2Hot Pro 20 degrees S

"I'm hitting the woods just great, but I'm having a terrible time getting out of them." ~Harry Toscano

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Mr. Desmond Super Member

Mr. Desmond

(edited)
3 minutes ago, Lihu said:

So. . .you're saying that every time I wash the dishes 3 times I can get out of purchasing a new car or something else of value? Very cool info. . .:-D

Every woman has her own point system ... unfortunately, we are kept in the dark.

Supposedly, little things count almost as much as big things ... so forget the big things. And if it comes with a payment, she will hold it against you.

Been there...

Edited by Mr. Desmond
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Ping G400 Max 9/TPT Shaft, TEE EX10 Beta 4, 5 wd, PXG 22 HY, Mizuno JPX919F 5-GW, TItleist SM7 Raw 55-09, 59-11, Bettinardi BB39

 

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Lihu Incredible Member

Lihu

3 minutes ago, Mr. Desmond said:

Every woman has her own point system ... unfortunately, we are kept in the dark.

Sure, but even a variance of +/-300% would be doing just a weeks worth of dishes versus 1 night or so. . .I like this thought!

For example, I spent an entire Saturday afternoon replacing a sink and vanity, that was about a point. Washing the dished on a Monday evening was worth 2 points. It also changes from day to day. . .

 

Sorry @saevel25 for going so off topic, but this is an important bit of information to assimilate and understand. . .:smartass:

:ping:  :tmade:  :callaway:   :gamegolf:  :titleist:

TM White Smoke Big Fontana; Pro-V1
TM Rac 60 TT WS, MD2 56
Ping i20 irons U-4, CFS300
Callaway XR16 9 degree Fujikura Speeder 565 S
Callaway XR16 3W 15 degree Fujikura Speeder 565 S, X2Hot Pro 20 degrees S

"I'm hitting the woods just great, but I'm having a terrible time getting out of them." ~Harry Toscano

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Mr. Desmond Super Member

Mr. Desmond

1 minute ago, Lihu said:

Sure, but even a variance of +/-300% would be doing just a weeks worth of dishes versus 1 night or so. . .I like this thought!

For example, I spent an entire Saturday afternoon replacing a sink and vanity, that was about a point. Washing the dished on a Monday evening was worth 2 points. It also changes from day to day. . .

Yep, funny how the system changes. I need to start a blog on all my failures with women... (OT) But the Cayman ... nice thought.

Ping G400 Max 9/TPT Shaft, TEE EX10 Beta 4, 5 wd, PXG 22 HY, Mizuno JPX919F 5-GW, TItleist SM7 Raw 55-09, 59-11, Bettinardi BB39

 

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  • 3 months later...
stealthhwk Great Member

stealthhwk

New cars are a rip off BUT have u seen what people do to cars!? Dont maintain them, all kinds of disgusting things, drive them over curbs, wreck them, falsify odometers and records. Let unqualified mechanics work on them and for all u know it belonged to a drug dealer before u. Its a tough story to sell to a cop who pulls u over. 

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ev780 Well Established Member

ev780

I am a buy new and run the wheels off of them.  I am (ahem) in my early 50's and only owned 6 cars in my life!  Except for one truck that I needed to upgrade due to a boat purchase, I have kept them all at least 10 years.  Amortize the "off the lot" loss over that many years and it is irrelevant.

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k-troop Great Member

k-troop

On 2/21/2016 at 1:58 PM, stealthhwk said:

New cars are a rip off BUT have u seen what people do to cars!? Dont maintain them, all kinds of disgusting things, drive them over curbs, wreck them, falsify odometers and records. Let unqualified mechanics work on them and for all u know it belonged to a drug dealer before u. Its a tough story to sell to a cop who pulls u over. 

"There might be 80 kilos of cocaine in the spare tire" has never entered my new vs. used car analysis...until now.

Kevin

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