Do you prefer to buy new cars or used cars and why? (insurance, vehicle)

[jlawrence01]

Originally Posted by City Guy997S

I bought a new 2013 GM pickup last year for $18,250 (MSRP was 24,xxx). Truck was a leftover but brand new on the lot.

Chevrolet Silverado 1500 WT | eBay

Same truck used for $20,990 with 67,000 miles on it!

BUYING USED DOESN'T ALWAYS MEAN ITS CHEAPER FOLKS!

In 2007, I looked at three 2006 Toyota Corollas, all priced between $15k and 16K with 20-30k miles.

I purchased a new Corolla LE for $14k at the dealership.

It was NOT a difficult decision.

[Europeanflava]

If I can save up and buy the car outright without any financing or loan then I prefer new.


If I'm on a strict budget then I prefer buying used as its a way better money saver.

[City Guy997S]

Originally Posted by Europeanflava

If I can save up and buy the car outright without any financing or loan then I prefer new.


If I'm on a strict budget then I prefer buying used as its a way better money saver.

and reading the above 2 posts..........priceless!

[Drago45]

Originally Posted by Europeanflava

If I can save up and buy the car outright without any financing or loan then I prefer new.


If I'm on a strict budget then I prefer buying used as its a way better money saver.

That's the catch 22...for most, new cars are too expensive to pay cash for..

[City Guy997S]

Originally Posted by Drago45

What make/model are you referring to? I don't see any cars being worth 50% less in 2-3 years in the models I am looking at.

Used 2013 BMW 7 Series 750Li RWD for sale in Florida

2013 BMW 750LI- sticker new was 90-100K depending on options. Price used: $45,999

[texdav]

I buy new because I can afford to and do not like the odds of getting a lemon some one else got rid of.

[Checkered24]

Originally Posted by texdav

I buy new because I can afford to and do not like the odds of getting a lemon some one else got rid of.

I started new when I got tired of those late model "lemons" the prior owner dumped too!

[LeagleEagleDFW]

Paying cash for a new car is stupid. Why would you want to tie up a big chunk of cash in a depreciating asset with very low (or 0%) interest rates available?

[snowtired14]

Originally Posted by gg

A backup camera is an essential? Ha, ha ha! That is hilarious. You are kidding with that statement right? I hope I never have a car with something that silly. I have a mirror for that and a head that can turn. lol

I know what you're saying, I've driven for over 40 years without one. But, new car designs are making it harder to see directly behind you, windows at higher angles for aerodynamic efficiency and prevailing style, SUV's have a big blind spot directly behind. Besides, all cars will have back up cameras by 2019, so the argument is moot.

[Checkered24]

Originally Posted by LeagleEagleDFW

Paying cash for a new car is stupid. Why would you want to tie up a big chunk of cash in a depreciating asset with very low (or 0%) interest rates available?

Maybe they do not qualify for the low rate.