Car Buying: Used or New?

[dilettante]

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:

 

[CooCooforCoCoPuffs]

EV = throw away car.

 

[retiredtraveler]

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.]

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.

 

[seadoug]

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.

 

[seadoug]

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.

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.

 

[horseless carriage]

Used? Yes please. It's a late 1930's Chevrolet. Not mine
I hasten to add, my old MG would get quite jealous.

 

[chic]

I used to like to get another newer car every five years. Going forward IDK. I'll be watching this.

 

[Fritz]

I can't afford a new car and have absolutely no interest in an EV. I will still with used.

 

[Oldeagle66]

Definitely used. I don't even want one of these new 4-wheeled tablets. Just look at all the plastic on the road after a slow speed minor accident. They are totalled and need to be carried away for almost everything. You can't fix them on the side of the road with a few tools.

 

[mathjak107]

i only buy new cars .

been buying a new car every 4 years since 1974 .

just my thing

 

[David777]

They obviously have an agenda to encourage new car sales that new car salespersons have been recently complaining of buyers moving more towards used vehicles. They don't even mention how inflation caused sticker shock is real and many cars now tend to be loaded with lots of new era high tech features not everyone sees value in. And of course, for decades experts have stated new cars depreciate most in the first 2 to 3 years.

They used the most popular model, the RAV4, that obviously will have the least depreciation. And all their noise was about those financing vehicles without mentioning cash buyers. Those people that don't live their lives with enough cash assets to purchase materials outright. With used cars bought with cash, one also doesn't need the same level of insurance banks insist on. So yeah a biased opinion with an agenda focused on those that finance their cars and probably are prone to let others think for themselves. Consider how the young person sets this up by first acting like he was used car oriented but at the end is spewing his supposed wisdom like a sales person.

 

[mathjak107]

you can’t gave used cars without someone buying new cars