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Old 06-29-2011, 08:51 PM   #8 (permalink)
honestabe
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Join Date: May 2010
Location: Mt Vernon, WA
Posts: 135

Black Knight - '08 Toyota Yaris
90 day: 35.39 mpg (US)
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I know. BTW, purchasing a brand new car is one of the dumbest things you can do. I say this because of 2 reasons. The first year of ownership is usually when all the defects are found and have to be fixed by the dealer (meaning you're without your car for a period of time). The other reason is depreciation. The depreciation of a car is very significant in the first year. Example, my dad bought a new Chevy Malibu a couple years ago. In the first year of ownership it depreciated $8000 with 30k miles on it, making it worth $12000 ($20000 new). I did a KBB appraisal of the car both with and without the miles my dad put on it (it had 3 miles on it when we bought it). If my dad had put no miles on it the car would have been worth $1200 more. That's pretty significant.

A car with 10-20k miles is still a new car, although without all the initial problems and depreciation. Anybody who actually cares about there money should only buy a car that is atleast a year old.
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