Yup.

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan

I wonder if the anti new car crowd also buys all of their TV's, laptops, furniture, cookware, and clothes secondhand. After all, they also depreciate rapidly and you can find them in decent-to-unknown condition just the same as a used car.

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Rick Hahn is the best GM in baseball.

Exactly.

Buying a new car is fine as long as you do it right.

What the "buying new is stupid" crowd fails to understand is I get to keep the car an extra two years and I know exactly how it was treated from day one and I get the newest technology. Also, if financing, the rates are normally better for new cars.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I bought a new mattress yesterday. Am I sucker? Wondering if I should have gone the used route.

Also, I 0.0% financed it as well. I thought of BRick and subsequently hated myself.

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-- source

That's a really silly thought.

How much does a new car cost? Monthly payments? Maintenance? Insurance? It depreciates as well.

You can buy a brand new TV for less than $1,000 and I'm sure a pair of jeans don't cost all that much.

Just not a good thought from you on this matter.

When have you paid anywhere near a car's price for those items you listed, IMU?

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-- source

In talking to some other people it appears the dealer was/is a bit greedy. Apparently a double cab pickup holds value amazingly well and could probably be traded in for at least 17k. Fuckers were going to give me 14.

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I bet Carmax will give you 20K.

First of all, what you consider a large cost isn't necessarily a large cost to someone else.

Secondly, some people weigh dollar amounts differently. For me...a $70 steak is a waste of money. Someone that makes the same as me may think a $70 steak is a solid buy, but thinks my $30K hot hatch is a dumb purchase. That person happens to drive a $14K Versa Note. That's cool. I have a 42" 60 HZ 1080p TV as my main TV. You may think that is too small and not current enough tech. That's cool. I'd rather spend my excess money on my car rather than a 60" LED 4K 240Hz Curved TV. And these personal preferences extend to pretty much every consumable or gadget.

But if "cost savings" and frugality are the goals...then someone should buy everything second hand. Because percentage wise...you're looking at similar cost savings across the board. Cars...clothes...electronics...etc

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Rick Hahn is the best GM in baseball.

Damn. IMU teaching SomeGuy a lesson.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I'm honored to finally be pulling on the same end of the rope as you, Richard.

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Rick Hahn is the best GM in baseball.

Let's make sini really mad by saying that public transportation sucks too!

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

You mean to say that issue is still under debate?

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Rick Hahn is the best GM in baseball.

Not really.

His response to my post was even more silly than his original thought on the matter.

Comparing the value of purchases isn't silly, but comparing the value of a $70 steak to that of a 30k depreciating asset certainly is.

Lots of posts by you in this thread with very little content. For shame. IMU got the best of you.

That is why IMU is the #1 car expert on this site.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I'm sorry.

Do steaks appreciate?

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Rick Hahn is the best GM in baseball.

I'll just repost my edit:

Comparing the value of purchases isn't silly, but comparing the value of a $70 steak to that of a 30k depreciating asset certainly is. No matter what income level you are buy a brand new car isn't a good deal. Your best hope is getting the better bad deal.

And IMU has proven in the past that his car knowledge is suspect.

I bought a truck that I have had for 2 years that has not depreciated in value much at all. It's very much in demand. I know that it's been perfectly maintained, I know no one beat it up, went 9k without an oil change, changes gaskets when putting in drain plugs...
it was a great investment. I wouldn't want to buy a used car because I know the shit people do to cars and why they're selling them... because they've fucked them up.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

You're comparing a buying a $70 steak to buying a 30k car that you will be taking out a loan on and thus paying interest on. This is apples to cassette tapes, I'm a little bemused that you can't see that. Maybe you aren't on the fast track you thought you were.

That's silly.

You aren't really explaining why though.

It's very easy to lay out a scenario where you can buy a new car and the cost per year difference is a few hundred dollars. For those few hundred dollars, you get a lot of other good things that come with new cars.

There is a reason that cars appreciate pretty quickly from the start and then it levels off. You are giving up things buying a new car.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I financed $20K at 1.9% over 48. Do the math. We're not talking much money.

Is it suddenly wrong to purchase a home now? As the recent past has shown, houses can also depreciate rapidly.

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Rick Hahn is the best GM in baseball.

There is an element of risk involved and doing your due diligence is required but it also comes down to who/where you purchase from. CarMax is good, certified pre-owned is good. Car in someones lawn with "FOR SALE" written on the windshield...probably not good.

Wait - you're talking about cost savings and you bring up Carmax? Are you serious?

That's silly.

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Rick Hahn is the best GM in baseball.

That's actually a pretty good deal.

No one was talking about homes, though. Still two different things.

Didn't say cost savings, learn to read more good. I simply said that they are a place that does a good job maintenance wise and they have good standards for the cars they put out on their lots. Their trade ins are usually more than fair, just don't get suckered in by their protection plan.

Do you get that awesome new car smell with a used car or does it smell like mcdonalds french fries and some polish dude's farts?

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Actually, their protection plan is one of the better benefits, if you're in the Mercedes / Range Rover / (other unreliable brand here) market. They are fairly generous on their full coverage warranties on cars prone to have costly issues...so it is possible to save some $$$ there if you want to buy a V12 W140, for instance.

But their no haggle prices are bend-you-over-and-penetrate awful.

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Rick Hahn is the best GM in baseball.

Really? I did some lookin' around on it and there are so many exemptions on what can actually be covered that it's almost useless. But my wife didn't buy a Mercedes or some other electrical nightmare.

http://jalopnik.com/my-horn-stopped-wor ... 1616487343

http://carbuying.jalopnik.com/the-crazi ... thardigree

Couple recent Jalopnik articles about it. If you're looking at a standard mid-size or economy car...skip the Carmax extended warranty a thousand times over. But there are scenarios you could consider it.

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Rick Hahn is the best GM in baseball.

Here we go.

I recently bought a car for around $25k. The car model 2 years below it currently has a fair market price of $20k for good condition or better as purchased from a dealer with 35k in mileage. Let's assume I am only keeping this car until 120,000 miles and I'm doing 15k a year.

2014: 0 vs. 35k
2015: 15k vs. 50k
2016: 30k vs. 65k
2017: 45k vs. 80k
2018: 60k vs. 95k
2019: 75k vs. 110k
2020: 90k vs. (car sold 2/3 in)
2021: 105k vs. (car sold)
2022: 120k vs. (car sold)

So, new car = 9 years vs. 6.6 years.

$25k / 9 = $2777 a year
$20k / 6.6 = $3030 a year

That is with less of a warranty, and less technology in your car, and not knowing how the car was treated by the previous owner, and you still have to buy a car for 2020 and the next two years, where I can then buy another new car and start the cycle again.

Now, I waited until the summer and got the car when it had more flexibility but even if I had paid $27,000 it would have been equal to the numbers posted above.

So, tell me why buying new was a bad idea in my case.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!