Quote:
Originally Posted by Mooseknuckle44
I'm 31 and I've said this.....3 times now. There is good and bad with buying brand new.
Good- warranty, you know the history, shiny, less chance of severe mechanical issues(warranty again), bragging(if you're into that kinda thing), better loan APR.
Bad- price, quick loss of value, insurance typically higher, payment forever it seems.
I've bought brand new a '10 GTO, '12 Dodge Ram, and now the 13 FRS.
I loved the preveious two ridiculously. Really miss them and wish I didn't have to lose them. Lost the GTO cause I got laid off, lost the Ram due to new expenses.
I can honestly say I'm gonna do everything I can to keep the 86 as long as I can. It's my toy, my pleasure, my bragging, and MY fun.
No amount of depreciation can ruin that for me. I get that value back in pure pleasure.
But you're absolutely right, buying new is not very smart as far as value goes.
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I agree with you! Unfortunately, you have found out the hard way about buying new, having to lose a car when you lost your job.
This was a good lesson for me. Thankfully, I will be able to keep it, and other than my wife getting pregnant this month, there is no real risk of me losing the car.
Going back to @
SirBrass's original post, I expected to loose the typical $5k the first year, most of it by driving off the lot, but loosing close to $9k was not expected for me. Realistically, if I tried to sell my car today, I could probably only get high teens, which since I'm not selling my car anytime soon, isn't too bad. Like I mentioned before, I HATE being flipped on something, even when I have gap insurance.
Warning to those looking to buy, expect this to be a car you own for awhile so you can get your fun out of it, or buy used
