Quote:
Originally Posted by bizaro86
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.
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The 1-2 year old car for 50% less is a myth these days IMO. While on the balance of TCO you may still be better off on a 1-2 year old car but you are right you are paying 70-80% of new value and I would guess its a lease return or rental.