Quote:
Originally Posted by Lenny7214
That is true. Then again you're not paying for the steep first/second year depreciation when buying lightly used. For example, one model I'm looking at, lightly used runs 15 or 16k and new would run 20.
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Sure, but run the numbers. Figure that a 2-3 year old car might need $ 1000-2000 in new tires, brakes, suspension -- depending on use. For that long commute you need a comfortable car. You can't run on a tin can. 25,000 - 30,000 miles/year is pretty heavy usage, and you will wear off the car, so you will need repairs.
Many cars' warranty is about to expire at 3 years, so you might need and extended warranty or service contract. That's another $1,500.
If you finance, you'll pay higher rates for used cars. So run the math, and see if a 2-3 year old still comes out ahead in Total Cost of Ownership, for same car.
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