Comments on: Should You Ever Buy a Brand New Car?

By: Fernando

Fernando — Sat, 17 Dec 2011 16:56:51 +0000

read my comment. its all about end price not just interest or sale price its all ABOUT END PRICE.
i meat to write 25 years not 15 years although 15 years sounds good

By: Fernando

Fernando — Fri, 16 Dec 2011 22:30:02 +0000

This is a tricky question. Why because it depends on who you are and what youre going to do with the car. I keep hearing this resale value crap and it pisses me off. What ever happen to keeping your car until it DIES? Thats what im planning to do with my 2011 Nissan Altima 2.5s. I bought for 23k with taxes and all the crap included, that means extended warranty for 100k miles. maintenance package. My payments are $390 a month and zero percent financing for 60 months. I will keep this car for about 15 years therefore resale value means nothing to me. Stop buying cars and selling them, keep them. We use to do it in the 50′s 60′ 70′s 80′s

By: Steve

Steve — Tue, 22 Nov 2011 20:42:25 +0000

Only car I ever bought new was a 2009 Jetta TDI, bought new for $21K since used were bringing rediculous money, the new one had no sales taxes and tax credits so it made more sense than used. It was fuel efficient but still did not justify the $20k+ price vs a used junker, sold it a year later for $500 more than I paid new. Was an experiment to sell it and would only do it is someone offered more than I paid and I found that person. Been driving a $700 cheap car a friend wanted gone getting 30 mpg for 2 years now with no issues. I love not having to spend time caring about a new car, washing it, parking it far, hoping somone does not hit it, the taxes, insurance.

Key thing with buying a new car, make sure you get a deal! If no deal, look elsewhere. These days, better deals can be found on a new car than a lightly used car, case in point me selling my car used for mare than I paid new. If you are going to buy new it can really makes sense if you intend to keep it a long time, you can make sure it is properly maintained and will last a very very long time. When buying a used car, do you think the owner took care of it, NO! I had bought so many used cars, you also need to just get them very cheap to make up for the lack of maintenance the previous owners never do.

In general, people buy new cars out of fear. they see 150k on on the odometer and think the wheels will fall off, when perhaps if maintained most good quality cars will last over 300k miles these days

By: John

John — Sun, 29 May 2011 04:00:07 +0000

I was always told, “never buy a new car because you will lose a lot of money if you do.” Fair enough… and I find that to be mostly true.

That being said, we bought our car new in December of 2007. It was a 2007 car and dealerships were trying to shove them out the door so there were a bunch of incentives and rebates. Our car was the basic (I mean, cruise wasn’t even installed) version. We paid just over 12k for it and 3 and a half years later, kbb has it valued at over 9k. I’m pretty happy with that depreciation. We paid cash so there was no financing to worry about.

Would I buy new again? Maybe. It depends on if the right vehicle came at the right price.

By: Johanna

Johanna — Mon, 26 Jul 2010 14:22:44 +0000

I had good reasons to buy a hybrid, and they just weren’t available used in 2008.

By: Iris

Iris — Wed, 19 May 2010 15:42:00 +0000

Hi! Would you mind telling me what name brand is your car? I’m looking to get a new car and need one that’s good with the rain and snow and that it’s not too expensive. Since you’ve had yours for 9 years and you have no complaints, sounds really good to me (:

By: ahmad

ahmad — Thu, 06 May 2010 19:38:01 +0000

when one can afford brand new cars comfortably,it would be ridiculous to go for a used car, afterall do you buy used shirts and socks if you could afford new ones. Ha. silly

By: Jim

Jim — Sun, 04 Apr 2010 15:02:06 +0000

Smart choice. When you do finally decide to buy a “New” car go buy something used.

You can buy a Used Porsche Boxster for around $15,000 on eBay. A New one cost $50,000. When you pay $15,000, your getting the SAME CAR you get when you pay $50,000 except it’s got a few miles on it. It’s still the SAME CAR.

By: Jim

Jim — Sun, 04 Apr 2010 14:58:57 +0000

I don’t care how you rationalize your choice to buy a new car. The Fact is you wasted a lot of money buying new. You could have had the SAME CAR used for a lot less money if you know how to buy used.

You also discuss Financing in your post. You should NEVER Finance a car. Pay CASH and buy a NICE used car, couple of years old, not many miles, still looks brand new.

I buy cars on eBay all the time for $10,000 less than what you would pay at a dealer.

Buying NEW is just giving into the brainwashing of Car Dealerships and Banks who want you to finance everything and pay interest.

By: nick

nick — Sun, 23 Mar 2008 05:18:21 +0000

Great article…I bought my car new when I was 18 and still drive it today. I have no regrets about buying new. I think it makes sense if you are going to drive a lot of miles and don’t mind driving the same car for a long time. My car is now 9 years old and has over 130,000 miles on it and runs good (knock on wood). There have been many times that I have thought about buying a new car, as all my friends, colleagues and relatives have been doing. Sometimes, I do feel like a dork driving my old shitbox, but I rather keep the money in the bank and have it grow rather than try to impress people or keep up the Jones’. I plan on driving payment free for at least a couple more years.