Quote:
Originally Posted by mechman600
I think if you plan on keeping your new car for 10+ years it may be more cost effective than purchasing a similar, but used car. Who keeps their cars for that long anyway?
|
You would have to be extremely unlucky or just bad at making car buying decisions to end up spending more money buying used- ever.
Warning, worthless anecdote- I bought a 1996 Subaru Legacy with 119,000 miles on it that went through a quart of oil every 1000 miles and needed a clutch right away. Cost was $4k at the time. I drove it 8 years, averaging 29mpg, and got another 100,000 miles out of her before getting rear-ended. Insurance gave me $2.5K
Total costs excluding regular maintenance:
$1,500 car
$100 clutch
I didn't treat her nice either
Perhaps buying a a brand new unreliable car is cheaper than buying a used unreliable car (I'm thinking European makes), since you get a warranty and parts are expensive, but then again if you are buying European in the US, you aren't concerned with cost in the first place.