kibblesandbits
Pearl Clutcher
At the corner of Awesome and Bombdiggity
Posts: 3,305
Aug 13, 2016 13:47:39 GMT
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Post by kibblesandbits on Apr 7, 2019 13:09:41 GMT
I always buy new, pay cash, and drive them for 10 years or more. I put on many many miles a year, leasing would be a crappy financial decision.
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moodyblue
Drama Llama
Posts: 6,183
Location: Western Illinois
Site Supporter
Jun 26, 2014 21:07:23 GMT
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Post by moodyblue on Apr 7, 2019 13:43:11 GMT
Different priorities for people. Different situations. The 'cheapest' way to have a car is not always what works best for some people. It isn’t always just about the money.
Buying new is the right choice for some people. Buying used or the outgoing model year is the right decision for other people. Leasing is the right decision for some people.
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pilcas
Pearl Clutcher
Posts: 2,936
Aug 14, 2015 21:47:17 GMT
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Post by pilcas on Apr 7, 2019 13:49:10 GMT
I always buy new but I keep it a long time. My last car was a Toyota that lasted 17 years. Never did anything but change brakes and battery. The motor was still good but it was rusting underneath. I like to know that my car won’t give me a problem for a few years at least.
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Post by Suziee2 on Apr 7, 2019 14:15:56 GMT
DH just bought a new truck. Usually he buys used. I think this is only his 2nd new vehicle in his lifetime. He has always had good luck. I've only had new cars - I'm old, so I'm on my 8th new car.
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Deleted
Posts: 0
Jun 1, 2024 20:56:37 GMT
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Post by Deleted on Apr 7, 2019 14:33:41 GMT
Only buy new. Drive 10 years (with 4 to 5 yr 0% apr loans).
Maintain well and get a good chunk down on the next vehicle.
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Deleted
Posts: 0
Jun 1, 2024 20:56:37 GMT
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Post by Deleted on Apr 7, 2019 14:36:53 GMT
We dont drive till the wheels fall off because 1. We want a good trade in value and 2. The cost of maintenance increases with age.
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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 14:54:40 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. For me, I want to be able to customize the features I want. You cannot do that on even a slightly used car. If I want the car to make it 11 years like my current car, I want it to have everything I want when I make that purchase.
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Deleted
Posts: 0
Jun 1, 2024 20:56:37 GMT
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Post by Deleted on Apr 7, 2019 14:58:54 GMT
New and to me it is not a bad investment Same. The only used car I had was my 1985 Chevy Chevette that my Mother got bought for me. (and I was thankful for) I won't necessarily vow to drive it until the wheels fall off either. I'll drive it until it no longer works for me.
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psiluvu
Pearl Clutcher
Posts: 3,217
Location: Canada's Capital
Jun 25, 2014 22:52:26 GMT
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Post by psiluvu on Apr 7, 2019 15:00:34 GMT
We never buy new but we drive them into the ground. We bought a 2011 Caravan in 2013 and that was the newest car we have ever owned. It now has 150,000 miles on it and we are looking to replace it this summer with a SUV. Cars are so not our thing and we put a ton of miles on them so really we just try to find the best used deal we can.
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Post by disneypal on Apr 7, 2019 15:03:57 GMT
My first 2 cars were used cars. The 2nd used car I bought was from a dealer and I had nothing but problems with it - after the expenses and the problems and all, I never bought a used car after that. I have always bought new cars since … I keep my cars a long time though (12-15 years) and I know that that they are well maintained since I am the one taking care of them. I have no regrets and have always been happy with my decision to buy new cars.
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Post by idahomom on Apr 7, 2019 15:11:26 GMT
Yes, we buy new but don't carry any car loans. Our daughter has a Kia Soul with 10-year bumper-to-bumper warranty. My husband has a Toyota Tacoma and I have a Toyota CHR, both with 7-year bumper-to-bumper warranties (his warranty has expired now). We plan to own them for a long time.
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Post by roundtwo on Apr 7, 2019 15:13:05 GMT
Anyone else drive their new cars until the wheels fall off and get another new car? I do and I try to save up over the 10 years or so that I keep my car to pay for the new one upfront. I'm on six years with my current one and other than routine things like oil and filter changes, I haven't had any issues so I am hopeful I'll see another 3 or 4 years easily.
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paigepea
Drama Llama
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Posts: 5,609
Location: BC, Canada
Jun 26, 2014 4:28:55 GMT
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Post by paigepea on Apr 7, 2019 15:21:43 GMT
We buy used. In 2018 I bought a 2016.
Dh bought a 2018 in 2018. But it was a used car. Someone had it for 3 months and traded it in. It’s a fantastic car and was a fantastic deal.
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garcia5050
Pearl Clutcher
Posts: 2,734
Location: So. Calif.
Jun 25, 2014 23:22:29 GMT
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Post by garcia5050 on Apr 7, 2019 15:44:58 GMT
My parents have always bought used and several were problem cars. When I got married, my husband was ‘new only’ to avoid inherited problems. It made sense to me. We do keep our cars for as long as possible. We average 12 years per car, put a lot down and try to keep the payment down to 4 years.
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StephDRebel
Drama Llama
Posts: 6,666
Location: Ohio
Jul 5, 2014 1:53:49 GMT
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Post by StephDRebel on Apr 7, 2019 16:12:27 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. This is what I did. I saved enough that it was less expensive than what I was looking at new and I got all the options I want. I didn't realize how much I loved options until this 2 weeks in a rental. I'm over it, give me back my car...forever!
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Post by Karene on Apr 7, 2019 16:24:21 GMT
We've always bought new cars as our main car. In the past our second cars have been bought from my parents or his when they were getting a new car.
We pay our cars off fast and then keep them a long time.
The last car we bought was a two year old car that was previously leased. We paid cash and it is fully loaded. We might try doing this again. We bought it from a dealer. We aren't willing to buy from a stranger in a private sale.
My brother in law has never bought a new car in his life. But he also knows how to work on them and is doing so constantly. My husband is not mechanically inclined so we want a reliable car.
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Post by littlemama on Apr 7, 2019 16:36:12 GMT
We buy dh's cars used with low miles because he doesnt drive as far. My cars are purchased new because my commute is long. The car I just traded in was 6 yrs, 10 months old and had 137000 miles on it. The car I just bought is a Subaru Forester that I expect to last for even more miles. When we dont trust it to make my commute any more, it will go to dh or ds and I will buy new.
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Post by cindyupnorth on Apr 7, 2019 16:38:45 GMT
This is timely! We usually buy used. Always have. Usually something with lower miles, and a good record. We've always had good luck with them, and had them over 5 yrs. My last car had ALL the bells and whistles. Fast forward to last wk. I bought my very 1st BRAND NEW spanking car. A Toyota Highlander. It does NOT have all the bells and whistles. You have to add them in, and that of course adds more and more to the cost. BUT if you are willing to spend the money you can get whatever you want. I really wasn't. Which is why I argued with my dh over buying new over used, because my last used car had everything I wanted. Why couldn't I find something like that again? And I very well could have. BUT when we broke down the cost. New, and 0% financing, it actually was cheaper to buy new over used. BUT I wouldn't have everything I wanted. Sooo. we put in the 2 most important things I wanted. remote start, and heated seats. (can you tell I hate winter? HA). and drove home my new car wednesday. So far I'm loving it. I don't miss the other extras I gave up. So far.
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Post by cindytred on Apr 7, 2019 16:41:59 GMT
I lease too and get a new car every 3 years. When the warranty is up the car has to go.
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Post by prapea on Apr 7, 2019 16:45:55 GMT
My first first car was a used toyota that I bought for $1000. It lasted for two years and died on me.
Second car was a used Honda Accord that i bought for 6k and I drove it forever and gave it to my cousin when we moved out of state.
Third car was a used honda fit. Got a great deal on it as the owners were moving to a different country due to new job(had only 3k miles when we bought). Drove it for 10 years.
Then a “new car” bug bit me. I bought a brand new 2018 subaru forester XT with all the bells and whistles. I ordered it and waited patiently for it to arrive 🤣.
One thing I learned from over the years on 2peas. It might not be an investment or important to me. But it might be to some. We have friends who prefer to stay in apartments but drive super fancy luxury cars. That’s their thing. Works for them.
I look at it like handbags/purses. A $20 bag holds the same car keys/wallet/anything else like a $2000 Prada bag. But for some carrying the Prada is important. To each, their own 😀
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Post by crazy4scraps on Apr 7, 2019 16:51:11 GMT
We dont drive till the wheels fall off because 1. We want a good trade in value and 2. The cost of maintenance increases with age. This is the lesson we’re trying to learn. We’ve bought both new and used (some VERY used, others almost new) depending on what makes sense financially at the time. DH wants to always own vehicles that are under warranty. We bought my 2014 Escape used with about 6K miles on it. The thing still smelled new when we bought it, but it was discounted significantly and was a great deal. Right around the time the warranty was expiring, we traded it in on my current one which we bought new. When the warranty runs out on this one, we’ll first try to find one used that’s a year or so old and factory certified, but if we can’t find one we’ll probably trade it in on another new one. With DH’s truck, we don’t have the option of buying new off the lot because they are SO CRAZY expensive. We’ve made the mistake multiple times of driving a car way too long and then it ends up not being worth anything on trade or for resale. Our new goal is to turn over our cars every 2-3 years so whatever we’re driving is always under warranty for the expensive stuff, and to have enough equity in the current one so the replacement doesn’t cost a fortune. The reality is that there is a certain annual cost in owning a vehicle at all. Either you’re making payments on it, taking money out of investments to pay for it outright (which doesn’t always make sense to trade an investment that makes you money on one that starts losing value the minute you buy it), or you’re paying for repair after repair. We have a friend that is driving a 1999 Ford Ranger that she can’t afford to upgrade. She has dumped easily $4-5K in repairs into it just last year (and another $400 just last week when the brake lines went out). At some point, you have to say enough is enough. These days it doesn’t really make a lot of sense to drive a car into the ground. Hanging on those last few years will end up costing a lot of money that could be put toward something better.
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Post by lucyg on Apr 7, 2019 16:54:30 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. I’ve never leased a car before, but I’ve been thinking about it for my next car. I’m getting older, I don’t drive nearly as much as I used to, and I kinda like the idea of always having a new car. On the the other hand, I haven’t had a car payment in like 15 years. That would take some getting used to.
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tracylynn
Pearl Clutcher
Posts: 4,872
Jun 26, 2014 22:49:09 GMT
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Post by tracylynn on Apr 7, 2019 17:04:15 GMT
I don't look at buying a car as either a good or bad financial decision. For me, a car is a requirement. I'm not a mechanic, I'm not married to a mechanic and I have no time to worry about cars breaking down.
I buy new. I kept my last car for almost 9 years. I only trade it in because it was coming up on 100K miles and I want to get something for it on trade in. I bought my new car in late 2016 (December). It bought an extended warranty that will carry it through 8 years. So, I'll keep this car at least this long, if not longer.
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Post by Leone on Apr 7, 2019 18:17:43 GMT
Our previous new car was 14 1/2 years old when we bought a new RAV4 this past November. We intended to buy a year or two old used one but couldn’t find anything. Plus, the safety improvements in the last couple of years are amazing. We are loving this new one.
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likescarrots
Pearl Clutcher
Posts: 2,879
Aug 16, 2014 17:52:53 GMT
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Post by likescarrots on Apr 7, 2019 18:29:06 GMT
Buying a new car isn't necessarily a bad financial decision. 1. you get a better warranty and are starting from scratch. 2. depending on what car you buy, your resale value is going to be better than if you bought used. When I sold my last car, buyers wanted to know if I was the first owner, it would have impacted the resale value if I had been the second owner. I bought my current car brand new a little over a year and a half ago and the trade in value is about 1k less than what I bought it for. If I were you I would look into a new Honda Civic.
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scrappinmama
Pearl Clutcher
Posts: 4,885
Jun 26, 2014 12:54:09 GMT
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Post by scrappinmama on Apr 7, 2019 18:34:59 GMT
We buy brand new and keep them a long time. DH has a 2003 Ford Expedition with 80,000 miles on it and I have a 2005 Ford Freestar with 60,000 miles on it. They do break down probably once a year, but we fix for cheaper than buying another new car. We'll keep them going until it becomes too expensive to fix. Hopefully we will have them a couple more years.
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Deleted
Posts: 0
Jun 1, 2024 20:56:37 GMT
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Post by Deleted on Apr 7, 2019 19:07:00 GMT
We only buy new and keep them until the repair bills start costing more than the vehicle is worth. Life is too short and we spend too much time on the road to not enjoy a new car now and then. Also, the last two times we bought used (one from the dealer, another private sale) both cars spent more time in the shop than on the road. My time is more valuable than that.
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Post by gale w on Apr 7, 2019 19:37:12 GMT
We do now. For years we only bought used and had one lemon that had the transmission go out within 2 weeks of owning it. Unfortunately we were several states away at the time (on vacation-whole other rant about buying so close to vacation time) so the dealer wouldn't do anything about it. Then a few years (and vehicles) later we bought a new minivan and loved that it had a good warranty and of course low miles. Since then we've mostly bought new. We have bought a couple of used ones since then but not our main vehicles. He bought a used small pickup for tooling around to save on gas and miles on his main pickup (which is a farm pickup-also bought new) and we bought a used vehicle from his sister for dd to use to drive to work.
We don't finance them though so that might make a difference. DH likes not having a car payment.
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Post by Katiepotatie on Apr 7, 2019 19:42:32 GMT
We’ve had 6 used cars and three new ones. Sometimes it’s just a nice splurge of a treat!
But I should add that we drive them ‘til they die! So we’re not getting cats every couple years. We’ve paid all cash and half cash.
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Post by Zee on Apr 7, 2019 19:52:35 GMT
We have done both. I tend to drive my cars six years, then get a new one, but I'm also ok with a newer used. My last car I drove for 11 years because I loved it that much. Love my new one too.
I cannot be bothered to haggle over price, I hate it, it's not what I do. I will buy whatever car catches my eye and don't much care about the cost as long as I can comfortably make the payments. I know what I like when I see it, though I may not have gone in there with something definite in mind. I bought my last three houses that way--I'll know it when I see it is my motto!
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