Quote:
Originally Posted by Torture
^^
Don't disagree that you need to look at the numbers and used vehicles are crazy pricey right now, but how much maintenance are you really doing / saving on a brand new vehicle within the first 4 years?
It might give you peace of mind which could be worth it, but 9 times out of 10 that warranty covers nothing because you typically don't have to do major maintenance on a vehicle within the first 60k anyways.
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By the time you get beyond that first 50k or so, you're looking at all sorts of medium sized maintenance issues like brake pads, transmissions, tires, batteries, etc...These are a guarantee. Then there's the risk of the big ones.
For example, if you're buying a 5 year old Honda CRV for $28k, you're not always better off saving the $10k on the new one. You have to factor in the expenses, the fact the vehicle will likely last 5 years less, as its 5 years older, plus the fact the resale value will be lower when you do trade it in.