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Author Topic: Why not to buy new  (Read 3859 times)

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DesertHOG

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Re: Why not to buy new
« Reply #15 on: January 02, 2018, 11:38:23 AM »

Lots of reasons to buy new and used.

My wife and I recently bought our youngest son a car. He wanted something cheap for around $2500-$3000. We decided to get him a new subcompact car for lots of reasons.

1. Cost to repair is higher on a used car versus a new car with a warranty. My son needs financial help if the car breaks down, so who knows what a used car would have cost over the next 3-5 yrs in repairs.
2. The new car has 7 airbags including a knee bag.
3. The new car gets 35 mpg average with 40+ mpg on the highway.
4. The new car model is just one step above baseline but has a ton of features - alarm, electric locks, Bluetooth, backup camera .. on and on.
5. The new car (2017) was under $14k out the door.
6. Makes us feel better that he has a new more reliable car (for now).

As was said by many, we do this because we can and we want to do it.


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iski

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Re: Why not to buy new
« Reply #16 on: January 02, 2018, 12:54:18 PM »

New 2017 F250 diesel.....

Nice ride!  Too soon for me to look, a couple of friends have 2017 F150s. Good looking trucks.
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muddypaws

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Re: Why not to buy new
« Reply #17 on: January 02, 2018, 04:08:40 PM »

I finance the truck because I get a much lower rate them my stocks are making and my company can write the loan off.
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Bill

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Re: Why not to buy new
« Reply #18 on: January 02, 2018, 08:32:12 PM »

I finance the truck because I get a much lower rate them my stocks are making and my company can write the loan off.

I bought a new F-150 Platinum in April.  With the 0.99 financing from my Credit union it would have been stupid to pull money out of my investments, which have returns of over 10% this year.

They also gave my really good money for the 06 diesel I traded on it.
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