re: How bad of an idea is it to buy a new car?

My daughter just bought a Volvo XC-60 managers demo with 1200 miles on it. Regular warranty is 5 yrs, 50,000 miles. They also offer free maintenance for first 36 mo which they extended to 5 years since it is a demo. It was a 2015 which had 2250 in dealer incentives and an additional 1000 since I'm a Volvo owner. I own an XC-90 with over 100,000 miles on it. I paid almost as much for mine back in 2009 and it was a year old with 14,000 miles on it.

Also - I shopped her trade-in (Altima that took her through high school and college) and got several thousand more from Car Max than the dealers we talked with. Had it appraised in Houston and they let us drop it off in Fort Worth where we picked up the new car.