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#1
09-03-2007, 08:31 PM
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Re: Buying a Used car with cash
[ QUOTE ]
One thing for sure, you are very smart for buying used. Anyone buying new that is on any kind of budget is throwing money away bigtime. NEW cars depreciate 20-40% the minute you drive them off the lot and therefore buying new is one of the worst financial decisions anyone can make in their lifetimes. [/ QUOTE ] I want to throw up when I hear someone say this. Ignorant people who know nothing about cars or money make comments like this. If you buy new your car will be under warrenty for 4-5 years and 50K-100K miles depending on make and model. If you add the price of repairs in with your monthly payments then many times you are actually paying more for a used car. Slightly used is ok, but if you can afford it you will be better served to get something new. ARE U GOING TO SELL your car 5 mins after driving it off the lot? There is one major problem with buying used cars. You normally still have to finance the car over a 5 year period. By the time you get to year 3-4 your car is pretty old and will start breaking on you. You will not be able to sell it because you will be under-water on your loan and you will be stuck with the thing. USED CARS ARE OK IF YOU CANT GET A NEW ONE. If you can afford a new one take advantage of the great deals available in respects to financing and rebates. You will have a good car with a great warrenty that no one else has messed with. 
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#2
09-03-2007, 09:40 PM
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Re: Buying a Used car with cash
[ QUOTE ]
[ QUOTE ] One thing for sure, you are very smart for buying used. Anyone buying new that is on any kind of budget is throwing money away bigtime. NEW cars depreciate 20-40% the minute you drive them off the lot and therefore buying new is one of the worst financial decisions anyone can make in their lifetimes. [/ QUOTE ] I want to throw up when I hear someone say this. Ignorant people who know nothing about cars or money make comments like this. If you buy new your car will be under warrenty for 4-5 years and 50K-100K miles depending on make and model. If you add the price of repairs in with your monthly payments then many times you are actually paying more for a used car. Slightly used is ok, but if you can afford it you will be better served to get something new. ARE U GOING TO SELL your car 5 mins after driving it off the lot? There is one major problem with buying used cars. You normally still have to finance the car over a 5 year period. By the time you get to year 3-4 your car is pretty old and will start breaking on you. You will not be able to sell it because you will be under-water on your loan and you will be stuck with the thing. USED CARS ARE OK IF YOU CANT GET A NEW ONE. If you can afford a new one take advantage of the great deals available in respects to financing and rebates. You will have a good car with a great warrenty that no one else has messed with. [/ QUOTE ] You obviously know very little about cars and buying them. You sound like I used to, before I figured it out.
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#3
09-03-2007, 09:52 PM
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Re: Buying a Used car with cash
[ QUOTE ]
[ QUOTE ] One thing for sure, you are very smart for buying used. Anyone buying new that is on any kind of budget is throwing money away bigtime. NEW cars depreciate 20-40% the minute you drive them off the lot and therefore buying new is one of the worst financial decisions anyone can make in their lifetimes. [/ QUOTE ] I want to throw up when I hear someone say this. Ignorant people who know nothing about cars or money make comments like this. If you buy new your car will be under warrenty for 4-5 years and 50K-100K miles depending on make and model. If you add the price of repairs in with your monthly payments then many times you are actually paying more for a used car. Slightly used is ok, but if you can afford it you will be better served to get something new. ARE U GOING TO SELL your car 5 mins after driving it off the lot? There is one major problem with buying used cars. You normally still have to finance the car over a 5 year period. By the time you get to year 3-4 your car is pretty old and will start breaking on you. You will not be able to sell it because you will be under-water on your loan and you will be stuck with the thing. USED CARS ARE OK IF YOU CANT GET A NEW ONE. If you can afford a new one take advantage of the great deals available in respects to financing and rebates. You will have a good car with a great warrenty that no one else has messed with. [/ QUOTE ] joke?
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