Quote:
Originally Posted by topfiverecords
Buy a one to two year old used car privately on Kijiji in cash. Guy has already tried to trade it in on next years model and has been offered 50% what he originally paid for it. Give him 52%.
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Is this actually possible? I've only bought a new vehicle twice. On both occasions, used models 1-2 years old seemed to be more like 20% less after I haggled down the new car purchase price aggressively. Given the extra kms, lack of warranty, and now half-worn brakes/tires, new seemed to be the better option.
I'm planning to maintain well and keep for a long time, the older is now 12 years old, so I'm not succumbing to the upgrade every year fallacy. I'm starting to think about replacing the 2008, and would love to hear that I'm wrong about this. Writing the huge cheque for a new car always burns me.
I like slivers plan the best, but I think it probably works better for those with car knowledge. I can't see learning enough to effectively buy and sell used cars every year or two, even if it worked out cheaper, because I hate the process. That almost certainly makes me way worse at it than someone like silver.