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The Water Cooler
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Buy a new or used car?
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<blockquote data-quote="Glocktogo" data-source="post: 3157296" data-attributes="member: 1132"><p>This was the case for me as well. My wife's 2010 IS250 got totaled by a hit and run driver just a week after we paid it off. It was immaculate and only had 35K on the odometer. The insurance company paid out so well, we could've gone and paid cash for a 2012 with 25K on it. However, we ordered her a brand new 2016 because it came with safety features the older used ones didn't have. Coupled with the free maintenance and roadside service, I really wanted her to have those things for a worry free drive.</p><p></p><p>In some rare cases, buying new is actually cheaper than buying used. I bought a 2018 Chevy Colorado ZR2 four months ago. I'd looked at used ones with 10K on the odometer, but then I did a nationwide search on Autotrader and sorted by lowest price first. I ended up flying to Phoenix to buy a brand new one for several thousand less than a used one locally. The best deal I could work locally on a new one was $3,500 off. I ended up getting $7,950 off the price by flying there and driving back, for the price of a $280 one way ticket and fuel at about $180. I could sell it right now for more than I have in it, due to incentives GM is no longer offering.</p><p></p><p>I just don't think you could find enough incentives on a Honda or Toyota to make it worth the hassle though.</p></blockquote><p></p>
[QUOTE="Glocktogo, post: 3157296, member: 1132"] This was the case for me as well. My wife's 2010 IS250 got totaled by a hit and run driver just a week after we paid it off. It was immaculate and only had 35K on the odometer. The insurance company paid out so well, we could've gone and paid cash for a 2012 with 25K on it. However, we ordered her a brand new 2016 because it came with safety features the older used ones didn't have. Coupled with the free maintenance and roadside service, I really wanted her to have those things for a worry free drive. In some rare cases, buying new is actually cheaper than buying used. I bought a 2018 Chevy Colorado ZR2 four months ago. I'd looked at used ones with 10K on the odometer, but then I did a nationwide search on Autotrader and sorted by lowest price first. I ended up flying to Phoenix to buy a brand new one for several thousand less than a used one locally. The best deal I could work locally on a new one was $3,500 off. I ended up getting $7,950 off the price by flying there and driving back, for the price of a $280 one way ticket and fuel at about $180. I could sell it right now for more than I have in it, due to incentives GM is no longer offering. I just don't think you could find enough incentives on a Honda or Toyota to make it worth the hassle though. [/QUOTE]
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