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re: Car Suggestions - ~$45,000 budget

Posted on 9/6/14 at 9:43 pm to
Posted by lynxcat
Member since Jan 2008
24207 posts
Posted on 9/6/14 at 9:43 pm to
quote:

I have no idea why you would buy a one year old car. You aren't going to save that much.



Depreciation in the first year is typically around 20% of total value, so yes...it saves a significant amount. If I find the model I want and there is no difference in the price tag then of course I will go new.
This post was edited on 9/6/14 at 9:44 pm
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 9/6/14 at 9:58 pm to
FWIW USAA has the value of my car as what I paid for it 2 years ago when I bought it brand new. But I got a great deal in December.

Posted by VetteGuy
Member since Feb 2008
28405 posts
Posted on 9/6/14 at 11:59 pm to
If you are looking at a low-mileage example of a one year old, popular luxury car, you'll be hard pressed to get 20 points off. Plus, financing Is usually higher for a used vehicle and there aren't nay manufacturer incentives.

You'll do better buying a end of model year car, when the new year models hit the lot.

20% can indeed be found, but you'll be looking at something with 15K+ miles. Also, look at a car like this carefully; generally speaking, people don't get rid of new cars after one year. Beware of "story" cars.

Posted by VABuckeye
Naples, FL
Member since Dec 2007
35631 posts
Posted on 9/7/14 at 3:26 pm to
I've had a Cayenne and currently own an Audi SQ5.

If you look at Cayenne look a Cayenne S. Personally in your situation if I was looking the SUV route I'd look at a Porsche Macan if I was looking new or try to find a used Audi SQ5 which is based on the same platform. The Macan apparently handles ridiculously well for a small SUV but is going to push your budget up $10-$15k depending on options.

I found a used SQ5 for $15k under list and snapped it up. It's a blast to drive and is a great looking car with nice fit and finish and more acceleration than you ever need from an SUV. It offers similar performance to the Macan S (which is still a turbo). Of course the Macan Turbo outperforms it by a good margin but it will also set you back about $80k after options.

Best of luck.
This post was edited on 9/7/14 at 3:27 pm
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