Quote:
Originally Posted by dreamingat30fps
This. Why buy new and lose a few grand right off the bat. The dealer where I got mine had a 2013 with less than 3k miles. They were asking like $23k for it, I'm sure it could have been had for close to $23k OTD. They had another with like 19k miles for like $19k.
I could not justify ever buying a new car unless I was drowning in cash and even then would only buy new if I HAD to have the latest model with very specific options that I would be unable to buy used.
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Because sometimes the math works out that way. It all depends on used car demand availability and new car pricing and incentives.
Toyotas in general are notorious for this. A lot of people are raised on the notion that you should buy a used car because you dont take the "few grand" hit for driving it off the lot. So my parents purchased a brand new toyota venza for over 4k off the sticker and 0%.
Tried to buy one thats a year old? 2k off. 10k miles
Tried to buy one thats 2 years old? 3k off. 20k miles
Tried to buy one thats 3 years old? 4k off. 30k miles
So in the end, you can pick the new car for the same price as the 3 year old one with ~0 miles and a lower interest rate. Even if you pay a grand or two more. Is it worth it for the mileage?
This does not apply to all cars ESPECIALLY luxury cars. Those drop like a tank.
The twins are okay. There was a surge of availability in the used market but I expect that to die down as the initial wave of people who bought it to go fast is passing and the general population buys it just buys it for what it is. I expect this car to have similar resale value as the wrx over time. Especially as it drops lower into where people are willing to pay to play as a track car. Every location is different though. I drove my old car to buffalo to sell since it had lowish miles 80k for 8 years which is apparently unheard of in buffalo. Cost me $250 total including a flight back. How much more did I get? 1.5k.
TLDR. sometimes it makes sense to buy new. especially if you're considering a car thats 3 years old and not a luxury car.
edit: also tack on warranty, new car smell, and potentially included maintenance.