dilettante
Well-known Member
- Location
- Michigan
This doesn't have the obvious answer that many think it does. There is plenty to consider, even problematic model years of some cars.
8 minutes:
8 minutes:
Car Buying: Used or New?
- Thread starter dilettante
- Start date
CooCooforCoCoPuffs
Senior Member
EV = throw away car.
retiredtraveler
Senior Member
We've always purchased new and used to keep cars about 8 years. But now, with all the improvements of autos in general over the decades, we now have a 10 year old car and an 11 year old car and both are going strong. Boomers will remember how car used to rust out almost everywhere and now, rust is hardly a problem. Virtually all parts on cars last a long time.
Don M.
SF VIP
- Location
- central Missouri
I would be suspicious of any 2 or 3 yr. old car being sold. I would wonder what kind of hidden problems it had that would cause the owner to dump it so soon.
Thanks for the video. I watch these guys frequently on Youtube.
I used to buy or lease new. The purchased cars I sometimes traded every couple of years. The leased cars were turned in every few years. Yes, I wasted a lot of money on cars. They were my Achilles Heel. My most recent car I leased in 2016 and bought it when the lease was up because the residual was lower than the market value. I kept it for almost 9 years because it had all the features and tech I needed. I recently traded it for a '25 model but it had 3000 miles on it so someone else had taken the initial depreciation. It is still under warranty with a CPO program so I'll probably keep this one the rest of my life. I've gotten much more frugal in my old age.
I used to buy or lease new. The purchased cars I sometimes traded every couple of years. The leased cars were turned in every few years. Yes, I wasted a lot of money on cars. They were my Achilles Heel. My most recent car I leased in 2016 and bought it when the lease was up because the residual was lower than the market value. I kept it for almost 9 years because it had all the features and tech I needed. I recently traded it for a '25 model but it had 3000 miles on it so someone else had taken the initial depreciation. It is still under warranty with a CPO program so I'll probably keep this one the rest of my life. I've gotten much more frugal in my old age.
I used to trade every 2-3 years when I was younger. There were no issues with the cars I traded. I just wanted something new. Leases are typically 3 years and most people turn them in so there are perfectly good 3 year-old cars up for sale.