What's the smarter buy? 2 year old used car or brand new?

posted 3 years ago in The Lounge
  • poll: If you intended on owning the car for the entirety of its life....
    Buy Brand New : (16 votes)
    12 %
    Buy 1-2 years old : (115 votes)
    88 %
  • Post # 3
    7664 posts
    Bumble Beekeeper
    • Wedding: July 2013 - UK

    1-2 years because by then, you know that there aren’t any serious manufacturing faults, the car is still quite new, and the most serious period of depreciation is over, so it’s much cheaper to buy. Plus, you can still get a full warranty.

    Post # 4
    1164 posts
    Bumble bee
    • Wedding: April 2014

    Commenting to follow. I plan on buying a new car after the wedding.

    Post # 5
    39 posts
    • Wedding: October 2013

    @skippydarling:  Buy the 2 year old car. As soon as you drive it off the lot it loses 5k immediately. And yeah you may own it for it’s entire life but thats still 5K you could have saved. If you buy a used from a dealer they do inspection and upkeep to make sure its in good working order, but if the 20K miles bothers you use that as a barganing tool to drive the price down even further and save yourelf some more money.

    FI had a beautiful new Audi dream car he bought custom off the lot and planned to drive until it died. Less than 2 years later the new car still couldnt avoid the deer the jumped out in the middle of the night. And that money he spent buying it new didn’t matter to the insurence company. And you sure as heck know he wished he had saved the money by buying an older model.

    Bottom line is value is all relative, thats why prices of cars are so negotiable. And when you buy a new car you’re paying for the shiny newness not its likely lifespan. No matter how new or great working your vehicle is there is nothing stopping that deer from totaling your car, so save yourself the money.

    Post # 7
    2992 posts
    Sugar bee
    • Wedding: May 2014

    I just bought a 5 year old Subaru Outback for 10K and I LOVE it! It is my 6th Subaru! I love those things! I really love the style of my 2008 and it runs perfectly! I dislike the look of the new ones. I get 31 mpg on the highway and around 27 to 28 mpg otherwise and AWD can not be beat in the winter!

    Post # 10
    724 posts
    Busy bee

    I would buy new when intending to keep it. Obviously in the minority but there you have it.

    Post # 11
    496 posts
    Helper bee

    Used. I bought a used Honda Civic with 26,000 miles on it and kept it until way past 100,000 miles. It was the best purchase I ever made and easily saved 10-12,000 buying it used vs new. Fast forward a ten years and I purchased a Nissan Altima New and it was the worst purchase ever. It didnt feel better driving it. I didnt “enjoy” it more. And I just felt like it was a waste of money. I put in way more money into the Altima to purchase it and will keep it for the same amount of time. So there really was no point buying it new.  You can buy a cheap (like 1,200) service plan with a used car that will get you past the 100,000 mile point. I kept up with the maintenance on the Civic and it ran so well until I totaled it.  The Altima didn’t feel way newer after about a week of my kid throwing cheerios all around.

    Disclaimer: I think the Altima is just as good of a car as the Honda and actually prefer Altima’s current body style to the Honda Civic. My point is that I preferred the experience of paying less for the car and having lower car payments for fewer months.

    Post # 13
    3089 posts
    Sugar bee
    • Wedding: October 2012

    If you’re going to buy a preowned car I would definitely recommend getting a Certified Pre-owned car.  I know when Nissan certifies their cars it extends the factory 5 year/60,000 mile powertrain to a 7 year, 100,000 mile powertrain, and then you can buy a wrap warranty that extends the bumper to bumper.  Definitely worthwhile if you’re planning on keeping the car forever.


    Post # 14
    1190 posts
    Bumble bee

    The depreciation of a brand new car, once you drive it off the lot, goes down by like 3K that second. Buy almost-brand new!

    Post # 16
    4367 posts
    Honey bee
    • Wedding: November 1999

    Certified pre-owned doesn’t mean shit honestly.  You need to know what to look for.  We looked at a “certified pre-owned” and you could tell the paint didn’t match on the fender lol.  My husband was like, yeah if this has never been in an accident, why doesn’t the paint match?  The dealer dude was like derp, I dunno.

    Granted, my husband’s entire life runs around cars, so I would trust him in picking a used car, but otherwise, I would probably buy new.  Dealerships are so shady.

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