Quote:
Originally Posted by 90Xjay
Yeah, I was trying to deal with mega dealer in my town and ended up traveling 20 miles and bought a truck with a higher MSRP and more options for around $1200 less.
I wouldn't have even traded except the fact the GM upped their warranty to 100,000 miles, sent me a deal for an additional $1000 off any new Chevrolet truck and then threw in the 0% financing.
I tried for about 2 days to buy a truck in my hometown, but in the end I couldn't get them to the price I wanted.
I work off of purchase price and trade in for my vehicle. Most car salesmen and their managers are crooked as an acre of snakes and they will screw you with an ink pen if your not careful. I'm one of those jerks who sits across the desk from them with my laptop running scenarios with different figures. I think they were glad to see me go.
I still wouldn't have traded again so quick, but this vehicle is a work vehicle and I get reimbursed every month to drive my own truck plus my fuel is paid for. So it doesn't come out of my pocket, it's just the more I spend on a vehicle, the less of that check I can put in the bank each month.
But for a little difference, I moved from a extended cab to a crew and went from a standard warranty to the new 100,000 mile warranty.
Oh and on a truck I was test driving, I stomped on it and the new Eaton rear locker works..  left two black marks  |
I had my Jetta for almost a year and got a trade in price that was only $1000 under sticker price. That worked out to a little over $100 a month
. It was dealer maintained and it was impeccably clean.
I bought a new 2000 Dodge Caravan. We bought it just as the next model year was coming out so we got it dirt cheap and with 0.9% financing over 60 months. Compare that to if I had bought a 1 or 2 year old car at 10%. It was a far better deal to buy new over the long haul. Over 60 months the total finance charge was like $470. We had that van for almost 7 years, but my wife only put 65K miles on it. We sold it private party and made out on that one trust me.
The 12 passenger E350 we bought was soooo much cheaper buying used as opposed to new. One model year old and a mere 10K miles made an enormous difference in price. They practically give away used passenger vans when you compare the prices of them new.
Now when I bought the Unlimited, I got a better deal buying used. Jeep certified meant an extra year and an extra 10K miles on the 7/70 warranty that was on the '05 models. Even if I had bought a new (leftover) '06 model with the discounts involved I would have had less than half the warranty and there were no breaks on financing at the time, but I wasn't financing much of it anyhow. In this case, used was a much smarter buy.
So, It
can be a better buy to get a new vehicle as opposed to a used one. It all depends on the deal, how long you'll keep it, how much and at what rate you are financing it for, etc. Granted it is not always the case but a smart consumer will look at all the factors and will, on occasion, find the new vehicle to be the better bargain. I would not argue for a second that most of the time a used vehicle is a better bargain though.