Quote:
Originally Posted by REDVAN
Think about what I did... for example, the car I bought with a sticker of 29500 for 17000 is now worth MAYBE 10000. So it depreciated 1200/yr since I've owned it, and 12000 in the first 8 months.
My point is that if you are looking for bang for your buck, buy a car like I did, and follow Cowperson's advice about looking around- it took me 3 months to find my car. If you just want a cheap car, then buy 2-5 years old. But there's deals to be had.
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Yeah but said deals don't always exist. When I bought my new truck the used equivalent that was 2 years old w/ 20,000km's was only 15% less after the dealer cash incentive. Further more the new truck had a $1,500 option package that was not available that if eliminated actually only brought the difference to 10%. Even looking on the autotrader now the closest truck to mine is 3 years older w/ 50,000km's and is only 20% cheaper then what I paid.
So would you give up 2 years of warranty and 20,000km's to save 10%? If you consider an average life span of a vehicle before it requires some minor/major work to be 200,000km's you just gave up 10% of the vehicles life to save 10%. Furthermore if you consider the warranty was expiring 2 years earlier the potential of being faced with a major repair earlier during ownership is increased.