Car Trouble, Need Advice

[KLHJ2]

Originally Posted by mredskins

I say buy used if you are keeping it for 5 or less years, buy new if you plan to keep 5 plus years.

Actually the best deal is wait for the new model to come out then buy a new last year model. They always want to move those off the lot especially if the body style changed.

I will never buy brand new again because the car has you by the balls. You owe way more than it's worth and you have to hold onto it beyond it's prime unless you want to loose money on the deal. Buying a brand new car is a terrible investment.

You might say that holding onto it until it's paid off might be more beneficial but the truth is that you can buy a used car much cheaper, pay it off sooner and still enjoy no car payment like the guy who paid twice as much and had to wait twice as long to do so.

[mredskins]

Originally Posted by Angry

I will never buy brand new again because the car has you by the balls. You owe way more than it's worth and you have to hold onto it beyond it's prime unless you want to loose money on the deal. Buying a brand new car is a terrible investment.

You might say that holding onto it until it's paid off might be more beneficial but the truth is that you can buy a used car much cheaper, pay it off sooner and still enjoy no car payment like the guy who paid twice as much and had to wait twice as long to do so.

Depends on the car you buy. Buy a car with high resale value you should come out ahead if you keep it the life of the loan. Done it all my life never been upside down in loan. Buying a used car you lose value as soon as you drive that one off the lot as well.

A car (outside of classics and exotics) is never a positive finical investment. New or used when you go to sell it you will never recover your original purchase price.