Dani-Mani
Pearl Clutcher
Posts: 3,706
Jun 28, 2014 17:36:35 GMT
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Post by Dani-Mani on Apr 7, 2019 4:22:42 GMT
Despite knowing its a crappy financial decision.
My first car was a gift and it’s a Toyota on its 11th year dying a slow death because people won’t stop running into it! 😡
It’ll make it a few more years (okay, two at best 😂) but even recently car searching with my mom for her new (used) car; there’s too many things I want that I can’t get in a used car as a total package, so I’d either have to have it installed or I can just get a new car and customize it. I’d rather get everything I want and drive it off the lot new. Cha-Ching 😂
Anyone else drive their new cars until the wheels fall off and get another new car?
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Post by **GypsyGirl** on Apr 7, 2019 4:27:39 GMT
I buy my cars new and drive them a long time. The last car I had 12 years. I only traded it because it developed electrical problems and DH wasn't willing to put anymore money into it. Our mechanic agreed with him. I've had my current car for 4.5 years and have no plans to get rid of it for many years. I'm really picky when I buy one and get them loaded with the exact features I want, even it if means waiting on it to be delivered. For my current car, I wanted a specific color and was willing to wait almost a month to get it.
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Dani-Mani
Pearl Clutcher
Posts: 3,706
Jun 28, 2014 17:36:35 GMT
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Post by Dani-Mani on Apr 7, 2019 4:31:18 GMT
I buy my cars new and drive them a long time. The last car I had 12 years. I only traded it because it developed electrical problems and DH wasn't willing to put anymore money into it. Our mechanic agreed with him. I've had my current car for 4.5 years and have no plans to get rid of it for many years. I'm really picky when I buy one and get them loaded with the exact features I want, even it if means waiting on it to be delivered. For my current car, I wanted a specific color and was willing to wait almost a month to get it. This makes me feel better 😂 Sounds just like me!
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Post by KikiPea on Apr 7, 2019 4:33:01 GMT
Yes! We have always purchased new, even when we only kept cars 5 years. It may not make financial sense, but we don’t want to take something on that has already been used. We want to get as much out of them as possible.
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Post by redshoes on Apr 7, 2019 4:41:49 GMT
We buy the current year model at the end of the year when the new model comes out....it’s new enough to have most of the bells and whistles but better discounts are available. On my Tahoe, we actually bought a demo that had 3k miles on it and got even more of a discount. It had only been driven a few months by one of the salesmen. We paid to add a sunroof and there was a scratch in the paint on the bumper that they repaired/repainted, free to us, so we were happy overall.
I should add, we drive our cars until it makes no sense to put more $$ into them for repairs....I had my 4Runner for 14 years.
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Post by guzismom on Apr 7, 2019 4:42:21 GMT
I have never bought a used car; always new. I drive them until they're dead (2) or outlived their usefulness (1). I have had 4 new cars in my life. The two American cars died right after the payments were over. I regretfully sold my Accord when I couldn't get two car seats into it securely. I am currently driving another Honda (Pilot); it is 14 years old, has around 175,000 miles on it and still going strong.
I see nothing wrong with buying and enjoying a new car. God knows some of the things others buy (video game consoles, upgraded cell phones, etc.) leave me scratching my head...so I guess those people can scratch THEIR heads over my new car when I buy it (after this one dies).
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Dani-Mani
Pearl Clutcher
Posts: 3,706
Jun 28, 2014 17:36:35 GMT
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Post by Dani-Mani on Apr 7, 2019 4:50:36 GMT
I have never bought a used car; always new. I drive them until they're dead (2) or outlived their usefulness (1). I have had 4 new cars in my life. The two American cars died right after the payments were over. I regretfully sold my Accord when I couldn't get two car seats into it securely. I am currently driving another Honda (Pilot); it is 14 years old, has around 175,000 miles on it and still going strong. I see nothing wrong with buying and enjoying a new car. God knows some of the things others buy (video game consoles, upgraded cell phones, etc.) leave me scratching my head...so I guess those people can scratch THEIR heads over my new car when I buy it (after this one dies). My sister just got her new car this year. She still has an iPhone 4S 😂
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Post by lucyg on Apr 7, 2019 4:57:13 GMT
I’ve only ever bought new cars (except my first car, which I bought used from my parents). I like a new car, and then I drive them into the ground. My current car is almost 12 years old and still feels like a “new” car to me ... it’s a Lexus and I think the expectation is that it should last a good long time.
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Post by Lexica on Apr 7, 2019 6:24:32 GMT
The only car that I have ever bought used was my first one. After that, I was more knowledgeable about what I wanted out of a car and purchased new so that I could get it exactly like I wanted it. My current car is 15 years old, but has less than 80,000 miles. It is a Subaru, which is typically a 300,000 mile car. I no longer work, so it isn’t being driven every day now which is why the mileage is so low. I realize it is not supposed to be a good financial move to purchase new, but I wouldn’t do it any other way.
I hate smoking smells in cars, and when I was helping my son look for his first car as a used one, they all smelled of cigarettes and that never goes away. For that reason alone, I won’t buy used. I am still totally happy with my car. And for some reason, everyone wants to buy it. I get notes left on my car all the time from people wanting to buy it. This happens in my driveway at home and in parking lots. It feels weird that people are seeking them out but it happens a few times every month. At least I know there is a market for selling it should I ever choose to do so.
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Deleted
Posts: 0
May 18, 2024 4:16:01 GMT
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Post by Deleted on Apr 7, 2019 6:28:42 GMT
Despite knowing its a crappy financial decision. My first car was a gift and it’s a Toyota on its 11th year dying a slow death because people won’t stop running into it! 😡 It’ll make it a few more years (okay, two at best 😂) but even recently car searching with my mom for her new (used) car; there’s too many things I want that I can’t get in a used car as a total package, so I’d either have to have it installed or I can just get a new car and customize it. I’d rather get everything I want and drive it off the lot new. Cha-Ching 😂 Anyone else drive their new cars until the wheels fall off and get another new car? I prefer to buy new and drive it a long time. Currently driving a 2012. I'm considering replacing it. Not sure as my original plan was to drive it a full 10 years. It runs just fine but there are some bells and whistles I'd like to have. These days it is much easier to look at what a new car's msrp is and the blue book for used is online so it is much easier to figure out what you should be paying and what your trade in is going to get at a dealership. I don't think the old advice of driving a new car means an huge lose it taken as soon as you drive it off the lot. Used to the buyer really had no idea what the msrp was.
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Post by scrapsuzy on Apr 7, 2019 6:38:34 GMT
We mostly buy used (dh is a Toyota/Honda guy and knows how to keep them going 300k+ miles), but in 30 years have bought new 4 times. First two were totaled in accidents. Third I had to let go when I lost my job and couldn't continue the car payments (my dh was not involved with the purchase and didn't like the car and wasn't willing to pay for it.) The fourth we have now. I was expecting a used car. He was looking at used cars. But Toyota was offering too good pricing and extras for dh to pass up. I think the big thing for him was the lifetime oil changes and transmission replacement (something he has done twice and it is the one thing he hates doing on a car.) So we currently have an almost 3 yr old car with less than 5000 miles on it, because I haven't been able to drive for a long time, and he has his own car (but they're old and stinky and no A/C, so he truly bought this car to drive me around in.)
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Post by JoP on Apr 7, 2019 6:44:02 GMT
We buy new and keep them for around 10 years.
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Deleted
Posts: 0
May 18, 2024 4:16:01 GMT
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Post by Deleted on Apr 7, 2019 6:47:05 GMT
New and to me it is not a bad investment
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stittsygirl
Pearl Clutcher
Posts: 3,580
Location: In the leaves and rain.
Jun 25, 2014 19:57:33 GMT
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Post by stittsygirl on Apr 7, 2019 7:08:17 GMT
My 2014 Durango was new, now paid off. My husband drives a fully-loaded 2011 Mazda 3 we bought used with about 80K on it, also paid off. And my son drives a 2007 Honda Fit with about 160K on it and no signs of quitting yet. We’re looking at another used Honda for our girls . My husband wants a truck to take fishing and to haul things, but that only needs to be a durable used one. He doesn’t care how it looks or about any fancy extras.
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Post by nlwilkins on Apr 7, 2019 7:36:31 GMT
We have always bought new cars and ran them until we could not get parts anymore. We have 19 year old mustang in the driveway along with a 14 year old truck and the SIL is driving our 17 year old truck. My car was pruchased for me new two years ago and we are hoping it will be the last car we ever buy. Hubby is a great mechanie and can fix just about anything wrong with a car. Though we take body work to the experts to do. Two years ago he put in a new rear end in the 19 year old truck and it still rides so smooth that I call it our cruiser. Its a F150 with a camper and great for long trips.
One of our trucks sits up on the family property and is being used as a storage unit. It gets cranked up now and then to make sure it can be moved, but it would not do to drive it on the public roads.
We would not buy used cars as you never know how they were treated and how much life they have left in them.
Interesting story - we had a 1970 Ford pick up that was on its last legs. Hubby traded it in on another vehicle and three months later it was found alongside the road with a rod through the engine. It used regular gas, not unleaded gas and this was a common problem for cars and trucks when you could no longer get plain gas. We managed to unload that one just in time.
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Post by mrst on Apr 7, 2019 7:58:25 GMT
Here in Spain,there is not much of a second hand market. It's the norm to buy new and run for a long time. Most cars have a lot of minor bumps and scrapes on them. We bought new, 7years ago and don't intend changing for a while. The banks will leand 7years finance with no problem.
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Post by Crack-a-lackin on Apr 7, 2019 8:01:17 GMT
It is a bad financial decision to buy a new car. You are much better off buying a car a year or two old since the highest percentage of depreciation happens the first few years.
I have bought several new cars over the years. I bought them because I wanted to and I justified them as needs (safety, reliability) but truth is I could have found a safe, reliable used car if I had just looked.
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Post by Patter on Apr 7, 2019 9:56:52 GMT
New and to me it is not a bad investment This. We always buy new and usually trade-in in 5 years. We always then have free service and repairs for that time. Hubby has had one of his cars now for 7 years but it only has 25,000 miles on it. We will probably keep that for a while. It's his fun car. I have had mine for 4 years, and I don't see myself trading it in yet because I LOVE it. It just turned 40,000 miles. We also purchased our children new cars so they have something that will hopefully last them a long time with no debt. That all said, our SIL purchased a 3 year-old Honda HRV a few months ago. He got it for $16,000 with only a few miles and in excellent condition. I wouldn't be against a used car in the future but for the past 30 years, it's always been new for us.
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momto4kiddos
Drama Llama
Posts: 5,151
Jun 26, 2014 11:45:15 GMT
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Post by momto4kiddos on Apr 7, 2019 10:02:42 GMT
Guess it just depends on how you look at it. We've always bought new, we prefer something new off the lot. We just bought something a year ago, we feel like we got a good deal and we were happy with the value we got out of our trade. We felt it held the value pretty well (it was around 5 years old.) Sometimes we keep them a long time, sometimes not.
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Post by mimi3566 on Apr 7, 2019 10:26:09 GMT
We have purchased both new and used and have had good luck with both. 3 out of the last 4 cars we purchased were used and lasted just as long as the one we purchased new. The 2 cars we currently own were both purchased used from the dealer lot.
Our truck is a 1 ton, diesel, 4 wheel drive platinum with all of the bells and whistles. We needed the size to tow our RV with...the platinum was just icing on the cake. We weren't looking for a platinum but stumbled upon it on the dealers lot. This truck sells for around $80k brand new...we purchased it 2 years old for just under $50k with just under 50k miles on it. Since it's a diesel it will last for many, many years.
My daily commuter is a 2012 Kia Soul purchased 2 years used from the Kia dealer with only 11k miles on it...we've had great luck with it also and got it for a lot less than brand new. Unless you are really picky about the color or features, I think used is the way to go...let the first owner take the depreciation hit.
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tuesdaysgone
Pearl Clutcher
Posts: 4,832
Jun 26, 2014 18:26:03 GMT
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Post by tuesdaysgone on Apr 7, 2019 11:15:30 GMT
Like so many so far in this thread, we've always bought new and driven them forever! Currently we have an 18 year old Tundra and a 12 year old Accord. We will probably replace the truck in the next year or two. We've had serious sticker shock looking at new trucks; we'll buy used.
I guess it matters too where you are in life. We will both be retired in 5 years and don't want big car payments in retirement. At this stage in our life would rather spend money on travel, than car payments for a new vehicle.
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Post by trixiecat on Apr 7, 2019 11:33:53 GMT
Cars last alot longer than they did say 30 years ago. My husband and I buy new and keep our cars for around 9-10 years. I have an 8 year old Pilot now that outside of normal brakes, oil changes, etc. the only real money I have put into it is the 105,000 mile spark plug/something else required maintenance which cost about $1,200. Unless you have a brand that is known for expensive repairs and is known for having maintenance issues, if you can afford to buy new it is totally worth it.
Cars are expensive and there are alot of people that can't afford the payments so they lease. We have friends who lease all of their cars and will even roll over the leases to get another car. They are in so much debt it isn't funny. They can't even get divorced until they sell their house to help pay off the debit.
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Post by lisae on Apr 7, 2019 11:58:47 GMT
Yes, always. I don't want to buy someone else's trouble. I drove my first new car 13 years and only sold it then because I needed a different vehicle for work. I spent less than $1000 on things that weren't regular maintenance like tires.
The next one I wrecked unfortunately but got a good payment from the insurance so the total cost of the 2 years I had it was reasonable. Next one was 12 years and I wish I'd kept it. I traded because I wanted to and not because I really had to. This last one I've had 7 years and don't love it so much. It has several features I do like though, it doesn't have the miles on it the others have had and plan to keep it several more years.
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Post by kibble on Apr 7, 2019 12:10:29 GMT
I've bought new twice and regretted it both times. Mostly because of my financial situation. I'm not saying I'd never buy new again, but I'd never finance a car again, so I'd have to have a lot of money saved. To me, they just aren't worth it. My current car I've had about 7 years and bought it when it was 3 years old. I'm trying to save some money for when it needs to be replaced.
I think if you can easily afford it, it's fine. I think if you have other debt that needs to be paid then it's a bad idea. My dad just bought a brand new suv, but he has no other debt, had a large down payment and can easily afford to triple the payments so it will be paid off quickly. I couldn't afford to do that. I hate being car poor. JMO
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Post by mustlovecats on Apr 7, 2019 12:15:18 GMT
We have done both depending on the circumstances. We bought new a couple of times when we knew it was a car we would keep a long time and we don’t mind having car payments for a couple of years. We bought used a couple of times when we wanted an inexpensive vehicle. I don’t prefer one over the other, it just depends on the circumstances.
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Post by mikklynn on Apr 7, 2019 12:18:27 GMT
We buy the current year model at the end of the year when the new model comes out....it’s new enough to have most of the bells and whistles but better discounts are available. On my Tahoe, we actually bought a demo that had 3k miles on it and got even more of a discount. It had only been driven a few months by one of the salesmen. We paid to add a sunroof and there was a scratch in the paint on the bumper that they repaired/repainted, free to us, so we were happy overall. I should add, we drive our cars until it makes no sense to put more $$ into them for repairs....I had my 4Runner for 14 years. We just did the same thing with a Tahoe. It's a 2019 and had 5k miles on it. DH traded in his 2005. We generally buy new and drive them forever. We did buy what the dealership called a program car once. It was a year old with 33k miles on it. It was driven by some kind of manager. It came with the extended warranty. We drove it until the head gasket started to leak at 160k miles. We had used the Costco auto program to buy our last 3 vehicles.
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Post by Sharon on Apr 7, 2019 12:27:20 GMT
We only buy new. Neither one of us is able to do any car repair. I want the warranty. I also don't want anybody else's problems.
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Post by jassy on Apr 7, 2019 12:37:57 GMT
We buy cars that are a year or two old and usually have about 10,000 miles on them. You pay about 25% less than new, and we've also kept them forever and run them into the ground. We've never had "someone else's problems" with our used cars - you get extensive warranties from the dealer, and you can check the history of the car. All cars we've purchased had good maintenance history and records on them, no accidents. It's pretty hard to hide problems on pre-owned cars these days. We look at it this way - we let someone else drive our cars for the first year ;-) knock yourself out with the new car smell, and then we'll pay thousands less We've never had a lemon in the bunch.
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Post by iamkristinl16 on Apr 7, 2019 12:53:23 GMT
My mom and stepdad always buy brand new cars and drive them for 5 years. Then they trade it in and buy a new one. They add very frugal and spend their money wisely. They buy with cash and look for a long time to get the best deal. I think they have a GM credit card and use points earned from that, so maybe you can only use those points for new vehicles? But lately they have had an Acadia and a Honda (not both GM cars). I’m sure there is some reason that they have decided that getting brand new cars is best for them.
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artbabe
Pearl Clutcher
Posts: 3,042
Jun 26, 2014 1:59:10 GMT
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Post by artbabe on Apr 7, 2019 12:59:12 GMT
I lease so I always have a new car. I know financially it is probably not the best decision but I just don't want an old car that I'll have to fix. I love having all the new bells and whistles that come out.
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