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Thanks for all the replies. We'll be paying cash, so financing is not an issue. I do like both cars equally as far as color and features, but I also would put a little bit of value on having something that is new and smells new. Don't think that would be 2K worth of value though...
A full detail can get you a "new" smell. 24K miles isn't alot.
Quote:
Originally Posted by goldeneagle
And yes, both cars are priced very well compared to the market. I've done a lot of shopping around and contacting various dealers so I know I would be getting an excellent deal on either one.
Thanks for all the replies. We'll be paying cash, so financing is not an issue. I do like both cars equally as far as color and features, but I also would put a little bit of value on having something that is new and smells new. Don't think that would be 2K worth of value though...
One quick question: would you pay cash, even though you are able, if you can get a 0% loan?
Either way, the price difference over ten years is only $14.00 a month.
For this small price difference, I would go with the new vehicle. Who knows what was done to the vehicle for the first group of miles. Just because it is a CPO doesn't mean it isn't hiding issues that just haven't been discovered.
I think of radios for instance. I've seen some hack jobs of radio installs. There are normally harnesses which can be used but a lot of times, people will just splice into the existing harness to put the new radio in. This might be fine for now, but could cause electrical issues down the road.
If the price difference was significantly more, then yes, go with the CPO, but I would go new if the difference is only a couple of grand.
For this small price difference, I would go with the new vehicle. Who knows what was done to the vehicle for the first group of miles. Just because it is a CPO doesn't mean it isn't hiding issues that just haven't been discovered.
I think of radios for instance. I've seen some hack jobs of radio installs. There are normally harnesses which can be used but a lot of times, people will just splice into the existing harness to put the new radio in. This might be fine for now, but could cause electrical issues down the road.
If the price difference was significantly more, then yes, go with the CPO, but I would go new if the difference is only a couple of grand.
Thanks. I believe this is what I am going to do. If something happens to fall through on the deal, I have the CPO to fall back on. 2K is not much over the life of a car, which for this one, I hope to be very, very long.
It appears you've made up your mind but we were faced with the very same choice and bought a new Prius a few days ago because the price difference was literally a couple of thousand dollars.
Buying new, we had a warranty that was two years longer than what was available on the CPO plus the assurance that we did not have to worry about the history of the vehicle with the prior owner.
We are likely to keep the Prius for the next ten years and so the extra cost equates to about $200 annually. At the end of ten years, the likelihood is the 2014 model will be worth a little more than the 2013 which is what the CPO model year was that we were also considering.
Yep, had the same decision two years ago and bought the new car with the added bonus of the new one having the options I wanted.
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