Is FRS/BRZ/GT86 a first new purchase? Will you buy brand new again?

[N1rve]

The Scion FRS is my 2nd new car purchase.

My first one was in 2011 which was a Nissan Altima which was a lemon and I got ALL my money back after putting 20k+ miles on it it was 2 years old. It was a great car though.

Because it was new, I was protected by California lemon law which favors the consumer. I paid $0 for usage fee, not a cent. I basically drove around for 2 years with 20k+ miles for free and only ate the cost of gas and insurance.

If this car was used, I wouldn't have the same outcome as lemon laws for used cars aren't clear cut. Nissan of NA made it a painless process. From my experience, I will always buy new.

Aside from that, I buy cars with the intent of keeping them, I don't change cars every 5 years.

[Bergen23]

Originally Posted by Tcoat

Even that method doesn't always work in Ontario. The MOT workers can either accept your receipt value or look up the stated book "value" in your area and charge you tax on that!
So you buy a car for $1000 and submit the receipts and they decide to check book value and it says $5000 you could pay taxes on that amount even though you didn't actually pay that much.
And people think or health care here is "free"!

I seem to remember reading somewhere that they charge you whatever is higher between your sale price, and the book price.

In my opinion, my '15 FR-S is my first brand new car. When looking at the numbers after all is said and done, I don't feel like I got hosed, especially knowing that I'll be keeping this car as long as it's feasible. However, I think I may have been able to get a much better deal by buying used, in the private market. Although, I didn't have the liquid assets to go out and do that so financing was my only real option. Damn you RRSP's!

[Braces]

I've purchased or leased a lot of cars NEW. There is nothing like the smell of a brand-new car. When you are young ... I say ...go for it, ENJOY your life. Buy that brand-new car. As you get older and you want to save your money ... Buying a one owner, possibly CPO, 1-2yr old car is SMART money. So to answer the question. No ... I will never buy another new car.

[Tcoat]

Originally Posted by Bergen23

I seem to remember reading somewhere that they charge you whatever is higher between your sale price, and the book price.

They have the choice so always be very, very nice to them no matter how hard that can be!

[GreenMonster]

It really depends on your situation and circumstances...

I'm debating this right now... My current car was purchased new, and @ 180K miles, it has treated me well.

Since the twins are a few years old now, there's a lot of decent 13's with decent mileage for sale. Very tempting to pick up a used one, especially when the saving could be $6K over a new BRZ lmt'd.

I don't like to buy the first model year of a vehicle (new or used), but since there is some significant savings on the 13's, it might be worth the risk. 6K will buy a lot of repairs, or address any tsb's the prior owners didn't get taken care of under warranty.

Buying used now, might be a better idea. Letting someone else take the depreciation hit, and if the twins get significant changes in the next few years, trading up won't come at a huge cost.

[AznKirby]

Originally Posted by hmong337

It's not too far fetched. He probably got one that was loaded to the tilt with extras and extended warranty. This crap adds up quickly. Throw the 13% rape tax on the subtotal and $42k doesn't seem too far off.

HST isn't even that bad.
@Tcoat Don't complain about the health care system here in Canada. You'll be needing it way sooner than I will. & you'll be glad it's there.

[Tcoat]

Originally Posted by AznKirby

HST isn't even that bad.
@Tcoat Don't complain about the health care system here in Canada. You'll be needing it way sooner than I will. & you'll be glad it's there.

Not a complaint! It has served my family well. It was a simple observation that it is not "free" as our U.S. neighbours think.

[hmong337]

Originally Posted by AznKirby

HST isn't even that bad.

Are you out of your mind?!? Hst was the worst thing that happened to us in Ontario. Especially for people buying big ticket items. It was fine before with GST/PST as you would only pay the PST (or GST?) on the item. Not too bad. But car sales took a huge slide when HST came in. I think my invoice showed something like $5k+ in taxes and fees alone on my $26k car. I couldn't even imagine buying something more expensive and new. Like a $40k car here will end up being $50+k out the door. Then if you're like some people who sell after the first year or two, it'd only be worth like $25k... Losing $25k in two years! Massive! Might as well get into gambling if you can afford to lose that much. At least you'd have a chance to make some money back if you're lucky ahaha.

[sdwagonjp]

Originally Posted by Tcoat

Not a complaint! It has served my family well. It was a simple observation that it is not "free" as our U.S. neighbours think.

So how is healthcare paid for in Canada? Taxes?

I ask because all I hear it how its free, but someones paying for it somewhere.

[hmong337]

Originally Posted by sdwagonjp

So how is healthcare paid for in Canada? Taxes?

I ask because all I hear it how its free, but someones paying for it somewhere.

High taxes! And free healthcare isn't the greatest. In fact, anything "free" isn't all that great if you think about it.

If anything, the best healthcare is in the U.S. But your pocket book will get owned!

[sdwagonjp]

Originally Posted by hmong337

High taxes! And free healthcare isn't the greatest. In fact, anything "free" isn't all that great if you think about it.

If anything, the best healthcare is in the U.S. But your pocket book will get owned!

I pay a lot but its worth it to get whatever I need. I don't have a family or wife so its not too bad. Just me, myself, and I.

[AznKirby]

@hmong337
Yup, and Quebec taxes are higher. Why you complaining already? Ontario average salary is higher and your income tax is lower.

Nothing in life has ever been free, I don't think it's all that bad to have part of your salary go towards the betterment of your society. Especially that it's something we're all gonna use at one time or another in our lives.

I think this thread derailed a little bit. Ahah

[daftpunk]

The FRS was my first new car as well. I love it to death but it's also made me realize that I probably won't buy new again. Not because of financial/depreciation reasons but because with a used car, you sort of take the imperfections as they are. But with my new FRS, I've been extremely OCD about keeping it in perfect condition. Every new rock chip, hairline scratch and dent bothers the hell out of me and it's getting real tiring.

[Amaya]

Mine was the first new car I bought as well, everything else I've owned has been over 15yrs/old and 150k+ miles and cost me less than $2500. I'm definitely open to buying a new car again, but it will probably be quite some time before I do. As far as depreciation goes I plan on owning my FR-S for the rest of my life. I'm sure I will wring every last bit of worth out of it.