Quote:
Originally Posted by Sliver
Holy crap, I do not understand new car buyers. You could buy pretty much the exact same car with 50,000 kms on it a few years old for $18,000. With used you can get the same car or better for half the price and you give up nothing. Why throw $36,000 of debt on yourself? In three years it'll be like you took a match to 900 twenty-dollar bills. Buy used and you'll lose maybe $5,000 in that same time frame, which is a reasonable cost of ownership IMO.
Also, remember GST. You're going to spend $1800 on GST alone with this deal. A private sale that would be $0. |
For a lot of people the peace of mind of driving a new car with warranty is a huge issue. A lot of people are scared of dealing with repairs because there are many unscrupulous mechanics out there.
The other big issue I find is that people want to manage their monthly costs. And with manufacturer incentives around 0-2% vs the 5-7% for used cars, this really drives a lot of people to buying new cars. My mother for example is looking at new RAV4, she wouldn't consider a used car becasue she it very scared of unexpected repair costs.