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I've owned and driven my 2007 RX8 since new. I'd like to sell it now because I'm tired of car payments.

Add to that the trouble finding an unabused example of some cars, like the WRX, STI, EVO, SRT4....

http://www.midatlantic7s.com

Bingo. At the time SRT4s hadn't depreciated very much as they were still pretty new. I felt much better paying $20,000 for a brand new one then paying $18,000 for one that has potentially been beaten to death in the 10k miles that the first owner had it.

1. i cant stomache the idea of the huge depreciation value of buying something new -vs- how much it is actually worth a year or two down the road.

and

2. every car i like is way too expensive brand new!! I prefer to wait and get it used 2-4 years down the road. much better value IMO

However, we seem to be blessed with superhuman negotiation skills. I bought a 2009 Civic SI, but just couldn't get used to the quirks so I traded it in for my Genesis Coupe. I got the Gen Coupe at dealer cost, and only $500 less than I paid for my Civic SI, after driving it for 5 months.

If you buy a car that depreciates VERY fast (like an RX-8) then you can snag one that still has a warrenty with plenty of miles left. I'd do that. (though I can almost guarentee I'd be replacing apex seals left and right)

Pros and Cons for both.

Free Maintenance (VW,BMW,Volvo) to original owner
Lifetime Powertrain Warrenty (Jeep) to original owner

CPO is also nice and at times may be better than a new car warranty.

Quote, originally posted by Slonie »

VadGTI: The best cars, in the worst shape™.

SchrickVR6: Canadians aren't real. They're like the Tooth Fairy, Santa Claus, and Condoleeza Rice.

Same here. I've bought both new and used cars. It depends whats out that that tickles my fancy.

Generally speaking, you can usually get lower financing on a new car than you can with a used car. Also, if the dealership has a car left over that they can't get rid of, you can sometimes get it well below invoice.

But but but buying a new car is financially reckless ! Do you know how much of a hit you've taken in depreciation !

Thierry Henry is a dirty cheat !

Quote, originally posted by Clint Eastwood »

I don't know if I can tell you exactly when the ***** generation started.....

I feel the same way - buying new is for something you plan to keep a while, which is why I was willing to shell out for the Z4 M Coupe brand new. There's a lot to be said for owning a car that you know the complete history of with no questions or worries, as well as getting to enjoy the entire warranty period.

X2....And I think cpo is way better then buying new especialy if you buy the car before the 50k mark and still have another 50k or 3 years left in the warranty

http://www.myspace.com/92_525i

Peugeot 205 GTI- one year old 5K miles
Mazda MX-3 V6- one year old 15K miles
Subaru Impreza GT- got from my brother
Subaru Impreza GT- one year old 10K miles
RX300- this one was the oldest I got 3 years and 40K
G35c- 6 months old, 7K
Sienna - 1.5 years old, 14K
FX45 - 2 years old , 30K

Only car that gave me problems was the GTI, but has nothing to do with being 2nd hand

ban OneBadBug!

Word to your mother!
Automotive depreciation is the easiest 'bad financial move' you can avoid.

OO=[][]=OO

We've bought our last 3 cars new, but I think the next one may be used. We've been keeping our cars 10+ years after buying new (gotta amortize that expense), and I'm finding that I get bored after the much time. Buying used, I could swap the car out earlier and not bear as much financial pain.

Regardless, new or used, no more car payments for me, ever.

Ironically, for about a year, our Fit was worth more on the used market than what we paid for it brand new.

Hey, have you heard that some people don't want to move to California and that you can see the Stig on Google maps?

Because you can.