Comments on: Should You Ever Buy a Brand New Car? http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car Personal Finance for the Young and Ambitious Wed, 17 Mar 2010 19:36:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: nick http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car/comment-page-1#comment-761 nick Sun, 23 Mar 2008 05:18:21 +0000 http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car#comment-761 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. 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.

]]> By: Money Under 30 http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car/comment-page-1#comment-764 Money Under 30 Thu, 13 Mar 2008 20:08:38 +0000 http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car#comment-764 Coolest Gifts, you raise a good point, I guess I'm not sure how the dealer markup affects buyers, only that when you negotiate for a new car you can pretty easily find out exactly how much the dealer paid for the car. I was going to include "lack of warranty" in the used car disadvantages but then was thinking about the certified pre-owned options and how used warranties are getting better, as savvy said. So thanks both of you -- excellent points! Coolest Gifts, you raise a good point, I guess I’m not sure how the dealer markup affects buyers, only that when you negotiate for a new car you can pretty easily find out exactly how much the dealer paid for the car.

I was going to include “lack of warranty” in the used car disadvantages but then was thinking about the certified pre-owned options and how used warranties are getting better, as savvy said.

So thanks both of you — excellent points!

]]> By: savvy http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car/comment-page-1#comment-762 savvy Thu, 13 Mar 2008 16:47:06 +0000 http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car#comment-762 I've never bought a new car and probably won't ever but I'm not opposed to it in theory (for other people). If that's what you want and you can afford it, then by all means. What I did for my most recent purchase (and will probably do in the future) is buy certified pre-owned. I still am under the factory warranty and receive free maintenance and the dealer had a financing promotion which was better than that of my credit union. It's the best of both worlds to me. I’ve never bought a new car and probably won’t ever but I’m not opposed to it in theory (for other people). If that’s what you want and you can afford it, then by all means.

What I did for my most recent purchase (and will probably do in the future) is buy certified pre-owned. I still am under the factory warranty and receive free maintenance and the dealer had a financing promotion which was better than that of my credit union. It’s the best of both worlds to me.

]]> By: The Coolest Gifts http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car/comment-page-1#comment-763 The Coolest Gifts Thu, 13 Mar 2008 16:21:22 +0000 http://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car#comment-763 Do you really think that "higher dealer markup" is a disadvantage of buying a used car? It doesn't affect you, does it? I think that "little or no warranty" should be the fourth disadvantage as opposed to the dealer markup. Just my .02 Do you really think that “higher dealer markup” is a disadvantage of buying a used car? It doesn’t affect you, does it? I think that “little or no warranty” should be the fourth disadvantage as opposed to the dealer markup. Just my .02

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