Buy an ex demo or display model.
That way, you save bucks up front ... the car is still worth the same when you go to sell it down the line.
My current cars:
Lexus RCF Carbon - it was 3 mths old, had done 4000km, guy had traded it in on a Audi R8 (he was one of those ADD guys that buys new cars all the time). Car sat on the lot for a few months. I ended up getting it for 5/8th of the new car price. It’s 4 years old now, the current used value is just below what I paid for it.
Acadia - top of the range, dealer had 3 sales cancelled on them. I had the choice of white, silver, grey. $16,000 discount off list price. My depreciation is covered for 2-3 years.
Don’t be impatient to buy - keep your ear to the ground, there are always deals coming up. You just need to be there to grab them.
Or be flexible on colour or trim, as often the company has inventory they want to quit. My buddy was looking for a Mazda Ute - best deal he could get was $28k. I used my contacts to see what the wholesale deals were - they had a non desirable green colour in stock, my buddy wasn’t fussy and we got it for $22,000. He drove it for 10 years and sold it for $15,000. Nice!
Another trick - keep an eye on the other brands yards for trade ins. 10 years ago, I saw a little ad in the paper from the Mercedes dealership, they had a near new Lexus IS250 at a really good deal. I went around to look at it, and couldn’t see it. I asked the dealer if they sold it. He said “we had to put it out back, because our Mercedes buyers were looking at it and asking why the Mercedes didn’t have all the stuff the lexus had in it”. Haha!
I looked at the car, it was mint. It was $49k. The dealer was so keen to move it off the yard, he showed me the paperwork for what they had traded it for, and said “just pay us our $42,000 back that it owes us, and you can have it”. I transferred the money on the spot and drove it away 15 mins later. I drove it for a year and sold it for $50k lol. I think that’s the only time I ever made money on a car.
Again - keep your ear to the ground for the deals.
The same applies to everything, houses, factories, pinball machines ...
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