Quoted from Astropin:Ha! And I'm thinking I'll never buy another new one! You pick up a low millage 2012-2013 right now with a warranty for WAY less than a new one. Mostly I've bought new in the past because I get the employee price from Chrysler....so we've had three Durango's, Two Grand Cherokee's a Liberty and a Hemi Charger....all have been great vehicles. We've also bought some used one's. Dodge Intrepid, Chrysler LeBaron, one Grand Cherokee and my son's 2000 Mustang (for $3300). They've all been great as well. I've yet to buy a lemon ever......lucky I guess.
This is exactly right. There is really, no purchase worse in losing money than a new car. (maybe jewelry). You lose so much just in the first month, then first year, it's not even funny. I think you would lose less playing blackjack at the casino. I would never buy a new car again. Spend $1000-2000 on a car and they last me 5-7 years, without having to fix hardly anything. I'm never going to get that $$$ per value out of a new car. If I did, i'd have to own that new car for 30 years to get my money out of it. 12 years ago I bought a Geo prism, with 130k miles on it for $900. Lasted me 7 years. Had 350 k miles on it when I sold it (fully running good) for $500. besides brakes and tires, the only thing I ever had to fix was the timing belt broke once. Van that I just totaled. paid $1200 for. 120k when bought. 200k when totaled, was running good yet. Had to replace muffler, starter, and maintenance items the 5 years I owned it.
New car costs 20k + usually. I can buy 10 to 18 of my cars for that money. Even if I get 3 years out of every vehicle. I'd still get 30 to 54 years out of the same amount of money. Not one car off that new lot would last me 30 to 54 years from daily use.