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re: Why do people tie up huge chunks of income in expensive vehicles?
Posted on 11/17/17 at 11:29 am to Mo Jeaux
Posted on 11/17/17 at 11:29 am to Mo Jeaux
i wasnt directly responding to you but the thread in general. i totally get it if you're after a car as a 'toy' or something you really want.
that's different than say spending $75,000 on a new SUV when you can get the same model 2 years older for $35,000 that has an older version of bluetooth built-in
This post was edited on 11/17/17 at 11:30 am
2
Posted on 11/17/17 at 11:46 am to CAD703X
quote:
spending $75,000 on a new SUV when you can get the same model 2 years older for $35,000 that has an older version of bluetooth built-in
I love how much people go overboard with these examples.
Especially when talking about trucks. If you have shopped for a used truck in the last five years, you know they don't depreciate all that much.
Posted on 11/17/17 at 12:44 pm to CAD703X
quote:
that's different than say spending $75,000 on a new SUV when you can get the same model 2 years older for $35,000 that has an older version of bluetooth built-in
This describes every German car on the market today. Buying through a used car wholesaler recently, I was surprised that you can buy just about any 2 year old Mercedes for less than half its initial MSRP. From the E class to the $100,000 S class, this holds true, and these are manufacturer certified prime lease returns too. You can get an E350 with 15,000 miles for $28,000, that cost $65,000 new 2 years ago.
The process is so transparent and the value so great, I'll never buy a new car in a traditional setting again.
Nobody's getting laid in an $800 Isuzu I-Mark off Craigslist with no AC. Spend wisely, don't be cheap.
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