Our new cars have lasted over 200k miles. Our used cars were disasters.

May 17, 2018
9:21:38am

Paco All-American

Maybe it is wasting money in theory, but that isn’t how it has actually played out for us when we compare our used car purchases to our new car purchases.

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Paco

Previous username: Coug97
New username: Joe Banks
Bio page: Paco
Joined: Feb 7, 2002
Last login: Jan 30, 2019
Total posts: 0 (0 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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