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The Water Cooler
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Buy a new or used car?
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<blockquote data-quote="Hawgman" data-source="post: 3156099" data-attributes="member: 7676"><p>I used to say always used. However, in the last several years I say.. depends. In Dec of 2012 I bought a nicely equipped 2012 Civic for $16K. It even had a sunroof. I'd of had to go back two to three years, 30K to 40K miles to get a used one equipped that way for that price. It had been miserable weather that month, sales were down and it was a holdover. A couple years later did the same thing with a CR-V. End of year model, well equipped and over $4K off the sticker, about the same or cheaper than a two year old model. Oh, and both times I got .9% financing. IMHO, if you keep your cars a long time (10 or more years), it's high quality popular model (Civic, Camry, Accord, Corrola, etc), you snag a good deal (hold over, program car, etc) then yeah get new. This is all if you are comparing cars only a few years old.</p><p></p><p>If you're looking at anything domestic, rotate out every 2 to 3 years or are comparing to cars several years old then no, it doesn't make sense to buy new.</p></blockquote><p></p>
[QUOTE="Hawgman, post: 3156099, member: 7676"] I used to say always used. However, in the last several years I say.. depends. In Dec of 2012 I bought a nicely equipped 2012 Civic for $16K. It even had a sunroof. I'd of had to go back two to three years, 30K to 40K miles to get a used one equipped that way for that price. It had been miserable weather that month, sales were down and it was a holdover. A couple years later did the same thing with a CR-V. End of year model, well equipped and over $4K off the sticker, about the same or cheaper than a two year old model. Oh, and both times I got .9% financing. IMHO, if you keep your cars a long time (10 or more years), it's high quality popular model (Civic, Camry, Accord, Corrola, etc), you snag a good deal (hold over, program car, etc) then yeah get new. This is all if you are comparing cars only a few years old. If you're looking at anything domestic, rotate out every 2 to 3 years or are comparing to cars several years old then no, it doesn't make sense to buy new. [/QUOTE]
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