I prefer not to have debt/lease. More financial freedom.

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May 17, 2018
9:17:30am

Dr MoBYU All-American

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Dr MoBYU

Previous username: MoBYU
Bio page: Dr MoBYU
Joined: Jul 22, 2001
Last login: Apr 28, 2024
Total posts: 16,241 (998 FO)

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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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