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re: Spinoff thread: What do you consider getting ripped off when buying a car?
Posted on 3/23/14 at 10:48 am to mikelbr
Posted on 3/23/14 at 10:48 am to mikelbr
If you can afford to, I don't see why you wouldn't want to buy new. I get you can save a couple thousand with pre-owned, but why not get something you know has never been driven before and you know the exact history of anything ever done with/to it.
I bought new in early 2013 and after I pay it off, I plan on going to trade it in towards something else new in order to keep my maximum value rolling. Not to mention, that would allow me to have a relatively new car at all times with an exponentially less chance of needing major repairs.
To me, you'll save a ton if you pay a car off in full and ride it "til it blows up" as they say, but then you have minimum trade in value left and the money you saved you'll most likely be forking right over in a down payment on your next car.
I bought new in early 2013 and after I pay it off, I plan on going to trade it in towards something else new in order to keep my maximum value rolling. Not to mention, that would allow me to have a relatively new car at all times with an exponentially less chance of needing major repairs.
To me, you'll save a ton if you pay a car off in full and ride it "til it blows up" as they say, but then you have minimum trade in value left and the money you saved you'll most likely be forking right over in a down payment on your next car.
This post was edited on 3/23/14 at 10:49 am
Posted on 3/23/14 at 11:17 am to Brettesaurus Rex
When buying a new car nowadays, they are marked down so much, it is really worth it. Couple that with low APR and a 100k warranty, and it is a good idea.
Take a truck for example. A Ford F150 Lariat 4x4 is listed at sticker for let's say $48k. Do some e-shopping and combine that with rebates, and you'll be out of there for $35-38k easily. Lower APR than a used one, and getting warranty work is easy because you are the original owner and don't have to go through paperwork
It is really something to think about
Take a truck for example. A Ford F150 Lariat 4x4 is listed at sticker for let's say $48k. Do some e-shopping and combine that with rebates, and you'll be out of there for $35-38k easily. Lower APR than a used one, and getting warranty work is easy because you are the original owner and don't have to go through paperwork
It is really something to think about
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