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Can you tell me why you should never buy a brand new car? All I hear is that it is a
bad idea.
If you buy a used car, someone else pays the depreciation.
What exactly does that mean?
When you drive the car off the lot, it loses 10% of its value. At the end of the first
year, it is worth twenty to thirty percent less.
Duh. I've been driving it.
Unless you are a road warrior, the car is losing value faster than the value lost due
to wear and tear. Buying a used car lets you get something for a fraction of the cost of
new.
For a lesser fraction of the value lost from wear and tear. But I don't want to buy a used
car that is about to fall apart.
Modern cars are made with a hundred thousand mile life. If you buy a vehicle with only
10K or 20K miles, it could have a decade of life left.
All the used cars I see are beat up hoopties.
There are people who've bought into the cachet of the luxury of having a new car every year
or two. You can get barely used cars from the lease dealership.
I heard that car leasing was a fleecing, or some similar line.
They sell the one and two year old cars as well as rent them, which is what leasing is.
You can buy their barely driven cars.
Used car salesmen are the epitome of hucksters, tricksters and other insults.
The used car lots advertising no cash down or we sell to anyone are rip-offs, and those
who offer car title loans are selling the cars they repossessed. But new car dealers
often have gently used trade ins, and they won't rip you off.
If I get a one or two year old car, I still have to keep it maintained.
You'd be surprised how many of those used cars are under the original warranty or eligible
for a warranty from the new used car seller.
This does sound like a better deal than I'd get inheriting Grandma's car.