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May 17, 2018
9:13
:45
am
mwcoug
All-American
Everyone, huh?
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mwcoug
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thewaterboy
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mwcoug
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Apr 25, 2006
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May 22, 2021
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Messages
Author
Time
The concept of “never buy a new car”
coolcats
5/17/18 9:08am
Hardly anyone does these days. Everyone leases which allows the auto industry to keep churning out vehicles.
kccougar
5/17/18 9:09am
Everyone, huh?
mwcoug
5/17/18 9:13am
I don't. But that is what the industry pushes.
kccougar
5/17/18 9:15am
I'm curious what percentage of vehicles less than 5 years old are owned (even if not fully paid for) vs leased
YardTime
5/17/18 9:19am
Not sure what the number is, but I'm looking at cars right now and I get tired of getting the lease pitch
kccougar
5/17/18 9:21am
I've never leased a vehicle
RockyBalboa
5/17/18 9:16am
I leased a truck a long time ago. Haggled with them for like 6 hours until the sum of the lease payments plus the price
cheezedawg
5/17/18 9:26am
Leasing is the same as buying as far as price paid and depreciation
Plato
5/17/18 9:32am
what? don't think this is true at all--something more like 30%! Other 70% buy
Incentivize
5/17/18 9:44am
I have never leased
2FarGone
5/17/18 9:50am
New cars would become cheapr and used cars would become more expensive so
Baron
5/17/18 9:11am
RE: The concept of “never buy a new car”
Sea Chicken
5/17/18 9:11am
We bought a car new 10 years ago. Because it is a single owner car, there
BeefNoodleCoug
5/17/18 9:15am
I’ve had success buying new, and buying used
Spocougar
5/17/18 9:17am
You thinking of trading in the Van soon?
Dr MoBYU
5/17/18 9:18am
No - we’ll keep it for several more years, I think
Spocougar
5/17/18 10:12am
You can save about half buying a used Honda Odyssey versus a new.
Baron
5/17/18 9:19am
That's not how it was 10 years ago, I know for a fact because I was scouring the
Windward_Coug
5/17/18 9:40am
It was true for me and I bought 10 years ago. Also, i would never
Baron
5/17/18 9:52am
Sure - how many years old is the used car, though?
Spocougar
5/17/18 10:17am
Not sure what you mean by relatively new. But buying relatively new for a Honda
Baron
5/17/18 11:01am
I prefer not to have debt/lease. More financial freedom.
Dr MoBYU
5/17/18 9:17am
That's an economic principle. If you're strictly concerned with $ don't buy
rcbyufan
5/17/18 9:18am
That concept doesn't make sense to me on many levels
Skeptical Optimist
5/17/18 9:18am
Agreed. It doesn't make financial sense usually, but that isn't the only factor
Baron
5/17/18 9:22am
Agree - it's a luxury purchase, just like vacations and eating out
Skeptical Optimist
5/17/18 9:29am
I buy new. Leased once, never again.
GastonCoug
5/17/18 9:21am
Our new cars have lasted over 200k miles. Our used cars were disasters.
Paco
5/17/18 9:21am
Anecdotally people that buy new don't drive 200k on their car. If you do then
rcbyufan
5/17/18 9:30am
I would say financially buying used and riding it to the ground is probably the
Baron
5/17/18 9:32am
I meant to say "isn't a bad idea" instead of "better idea"
rcbyufan
5/17/18 9:37am
I value the new car smell. Worth the extra 9K.
El Fuego
5/17/18 9:22am
Assuming a new car costs $30k, you will not be able to find a 1 year old version
Plato
5/17/18 9:40am
We lease most the time
BlueFrog
5/17/18 9:36am
Yes. we need people to buy new cars with the whole ecosystem to work.
Mayor of Cougartown
5/17/18 9:38am
the best deals IMHO are the 3-year lease returns on luxury vehicles
Nat Gas Man
5/17/18 10:03am
I bought 4 new cars when I was younger. My last 2 were 'used'
mncstr
5/17/18 10:22am
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