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New car Vs. Used
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11-23-2011, 05:13 AM
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Stetbrate
Join Date
Oct 2005
Posts
489
Senior Member
If you drive lots of miles...I mean lots..then go new..it helps offset the cost of insurance and car payments also depreciation...I see people that have new cars but drive them very little....meaning the cost per mile to own is very very high this way...also they think their car will hold its value better if they dont drive it...the mileage compares little to loss in value as compared to the year..additionally why get something then not want to use it??
Lets recap....high payments high insurance depreciation loss....thats alot of money for something to be sitting 90 percent of the time.
If one drove 50 k or so a year...the cost per mile is much lower than someone who goes 10 k a year with that same car.
Go used...for most..best bang for the buck...decent cars can be bought for about 4 grand with alot of service left..or less if you shop
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