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Newer cars are safer, and although I don't have a endless supply of money, I do feel alright spending surplus income paying a car note with a stupidly low interest rate.
It all changes when you've got kids. I can't keep them safe from everything, but $300 a month to shield them from some of the hazards out there when I won't miss the money is a no-brainer (every other savings need is being fully funded).
Even so, why buy brand new and not 2 or 3 years old? Even the very source you have referenced says the safety improvements were around in 2011. Are you saying the vehicles in question depreciate relatively slowly even in the first 3 years?
Even so, why buy brand new and not 2 or 3 years old? Even the very source you have referenced says the safety improvements were around in 2011. Are you saying the vehicles in question depreciate relatively slowly even in the first 3 years?
Have you priced 2 or 3 year old used cars? My guess is that most available are leased vehicles or maybe fleet vehicles that have been turned in. You'll still be paying 5 figures, plus a higher interest rate, and a shorter term.
Moreover, good luck finding a 3 year old used vehicle with accident avoidance and backup cameras. These kinds of safety features were only available on the top of the line versions of luxury models even 3 years ago. Neither was available for the model I bought three years ago, even as options. Now, the camera is standard equipment and accident avoidance is available in all of the models I would consider.
Have you priced 2 or 3 year old used cars? My guess is that most available are leased vehicles or maybe fleet vehicles that have been turned in. You'll still be paying 5 figures, plus a higher interest rate, and a shorter term.
Moreover, good luck finding a 3 year old used vehicle with accident avoidance and backup cameras. These kinds of safety features were only available on the top of the line versions of luxury models even 3 years ago. Neither was available for the model I bought three years ago, even as options. Now, the camera is standard equipment and accident avoidance is available in all of the models I would consider.
Have you priced 2 or 3 year old used cars? My guess is that most available are leased vehicles or maybe fleet vehicles that have been turned in. You'll still be paying 5 figures, plus a higher interest rate, and a shorter term.
Moreover, good luck finding a 3 year old used vehicle with accident avoidance and backup cameras. These kinds of safety features were only available on the top of the line versions of luxury models even 3 years ago. Neither was available for the model I bought three years ago, even as options. Now, the camera is standard equipment and accident avoidance is available in all of the models I would consider.
A back up camera/in dash stereo with camera input. Runs about 450-$600 installed for a ok-good model.
Even so, why buy brand new and not 2 or 3 years old? Even the very source you have referenced says the safety improvements were around in 2011. Are you saying the vehicles in question depreciate relatively slowly even in the first 3 years?
Woah now. You said cars now aren't any safer than cars ten years old and this article was to refute that.
As far as 2011 vs 2014 a new standard has been set for small overlap and car companies have responded. A 2014 Toyota sienna looks the same as as 2015, but the 2015 has a redesigned frame, likewise the 2014 Honda Odyssey has an improved structure over the identical 2013 Honda Odyssey.
Going foward the premium systems of collision avoidance and adaptive cruise control will trickle down, making the full overhauls of these two cars safer still.
Now playing in depreciation, yep those cars still lose about $8k as you drive them off the lot, but the market isn't overflowing with six month old minivans just waiting for a buyer.
At the end of the day I didn't buy the minivan as a status symbol (it's a minivan), but as a means to protect my family in this city that I'm in that has an accident rate twice the national average and a high propensity to run red lights. I wouldn't drain my emg fund to pay for a safe car, but I've got no issues paying low interest and getting incentives to finance in excess of the interest I'd pay anyways (separate from dealer nego, Toyota offers a few rebates to select demographics that finance with them, so it's not $xxx back or x.x% apr, it's both.
And I wouldn't miss the money on a car or two, no unfunded liabilities here.
So again there's no reason not to finance a safer car when the choice is between driving a 10 year old car now, or a brand new car now if you can afford the payment w/o affecting your future obligations. I'm sure Dave would tell me to pay cash, but he hate rewards CC's too and those make me $600 a year w/o trying.
Last edited by MDrenter223; 03-07-2015 at 06:50 PM..
Have you priced 2 or 3 year old used cars? My guess is that most available are leased vehicles or maybe fleet vehicles that have been turned in. You'll still be paying 5 figures, plus a higher interest rate, and a shorter term.
If you pay cash, it doesn't matter.
Quote:
Originally Posted by Linda_d
Moreover, good luck finding a 3 year old used vehicle with accident avoidance and backup cameras. These kinds of safety features were only available on the top of the line versions of luxury models even 3 years ago. Neither was available for the model I bought three years ago, even as options. Now, the camera is standard equipment and accident avoidance is available in all of the models I would consider.
Who cares? The point is, these things are luxuries you can do without. Humans are really bad at assessing risk. If you're so freaked out about the risk of being in a crash, then set up your life so that you drive less.
Woah now. You said cars now aren't any safer than cars ten years old and this article was to refute that.
As far as 2011 vs 2014 a new standard has been set for small overlap and car companies have responded. A 2014 Toyota sienna looks the same as as 2015, but the 2015 has a redesigned frame, likewise the 2014 Honda Odyssey has an improved structure over the identical 2013 Honda Odyssey.
Going foward the premium systems of collision avoidance and adaptive cruise control will trickle down, making the full overhauls of these two cars safer still.
Now playing in depreciation, yep those cars still lose about $8k as you drive them off the lot, but the market isn't overflowing with six month old minivans just waiting for a buyer.
At the end of the day I didn't buy the minivan as a status symbol (it's a minivan), but as a means to protect my family in this city that I'm in that has an accident rate twice the national average and a high propensity to run red lights. I wouldn't drain my emg fund to pay for a safe car, but I've got no issues paying low interest and getting incentives to finance in excess of the interest I'd pay anyways (separate from dealer nego, Toyota offers a few rebates to select demographics that finance with them, so it's not $xxx back or x.x% apr, it's both.
And I wouldn't miss the money on a car or two, no unfunded liabilities here.
So again there's no reason not to finance a safer car when the choice is between driving a 10 year old car now, or a brand new car now if you can afford the payment w/o affecting your future obligations. I'm sure Dave would tell me to pay cash, but he hate rewards CC's too and those make me $600 a year w/o trying.
Who cares? The point is, these things are luxuries you can do without. Humans are really bad at assessing risk. If you're so freaked out about the risk of being in a crash, then set up your life so that you drive less.
risk from car accidents is way underestimated, so better safety makes sense. i still want my family to see things and travel.
If you're so freaked out about the risk of being in a crash, then set up your life so that you drive less.
The risk in question is that of severe injury in an accident, not that of being in an accident. Thus, car safety is of utmost importance. Instead of driving less which really takes away the benefits of driving a car, spending extra on car safety seems like a more sensible option.
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