Quote:
Originally Posted by Sparky-Watts
Congrats on the truck. Having bought one brand new vehicle, and then having worked for a large stealership, I'll never buy another vehicle brand new again, and I'll never buy another vehicle new or used from a large stealership again. All that does is buy you a $10,000 bottle of vaseline and you rarely ever even get kissed.
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Although often is the case that you'll lose a considerable amount of equity in a new vehicle as soon as you assume ownership, it's not always true. If you get a good deal it's not always a loss right off the lot, and when you go to trade or sell it down the road, having one owner and maintenance records adds to the value. The differences can offset each other.
Lastly, if you keep the vehicle longer, the less likely you will lose any money on it.
Bottom line is if you buy new and take good care of a vehicle, it's longevity and/or higher trade in value can outlast/offset it's additional "new car" cost.