True about buying used cars. But what about pre-owned certified ones?True enough, but the lifetime depreciation curve is not the same for all makes and models.
By buying new you know the history of its use and abuse, with used it can be a crapshoot. You usually don't get documentation of oil changes, much less more serious investments in keeping it on the road and safe to drive.
Try to find a 2 year old car that wasn't dumped for a good reason, such as unreliability or repeated repairs.
In 2020, I bought a 2 year old Toyota that had just come off lease. It had been leased from, and regularly serviced by, the dealer we purchased it from. They provided copies of the service records when I bought it.True about buying used cars. But what about pre-owned certified ones?
That's great Star. Right around the time my son's wife died, he had awful car issues that required thousands to fix. He couldn't sell it for that reason and due to large, unexpected debt connected to her death, couldn't afford to get another one. I decided that if the car couldn't be fixed (two mechanics had looked at it before the third, who was able to fix it), I'd look into buying him a pre-owned vehicle, which I figured would cost a lot less than a new car.In 2020, I bought a 2 year old Toyota that had just come off lease. It had been leased from, and regularly serviced by, the dealer we purchased it from. They provided copies of the service records when I bought it.
It was pre-owned, certified and came with a warranty. It's now 5 years later and no mechanical repairs have been needed beyond regular servicing.
That's me. I paid $10,000 cash for my Neon in 1998 and It's still doing fine and even still looks clean and white. I'll drive it till my knees can't lift me out of the low seat anymore.I'll buy a new one when my 19 year old Honda is ready for the scrap yard.
My philosophy is to buy new. Don't abuse it. Do regular maintenance and keep it till it's ready for the junk yard.
Just on this dreary day we drove by a parking lot and I remarked to my husband how all the cars were either dark gray light gray or black. Isn't it time for a return to the pretty colors of the past?Several things dampen my enthusiasm. One is putting up with car dealer games where every effort is made to screw you out of the last dime possible. Another is that the car I'm interested in is in its first model year since major refresh and drivetrain change. One more is that colors I am interested in are not being sold with interior colors I want (I don't care for those completely blacked-out interiors, I'm not a drug dealer).
But at the same time I'm on the clock. Right now I get offers on my current car at 40% of the price of the new car I'm considering. That trade-in value is going to decline, the 7 year mark is nearly here.