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  #13  
Old 11-11-2013, 01:16 PM
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Re: Optimal Cycle for Buying a new Jeep

Like with many other things in life, it's not always just about the money. Sure, it needs to be taken into consideration, but so do a number of other things. I bought my last used car when I was 19 years old, 44 years ago. A "cream puff" that I dropped off at the junk yard less than a year later. To each his own, but I want a new car when I buy, not because I'm loaded with dough, but because I know any problems will be mine, and not someone elses. I respect anyone who is into maximizing their transportation dollars, but imagine a world where nobody bought a new car. Also, I come from a long line of car guys. I can remember the sense of joy my father had when he came home with a new set of wheels. And I have many friends who believe in buying only used. They're usually lined up at my door when I start talking new car. My used cars are barely broken in after 6 years. No matter what your car buying philosophy is, just one reminder, an old saying from a dear friend who owned a transportation company, "Keep the rubber side down!"
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Old 11-11-2013, 03:28 PM
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Re: Optimal Cycle for Buying a new Jeep

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Originally Posted by jacko15 View Post
Like with many other things in life, it's not always just about the money. Sure, it needs to be taken into consideration, but so do a number of other things. I bought my last used car when I was 19 years old, 44 years ago. A "cream puff" that I dropped off at the junk yard less than a year later. To each his own, but I want a new car when I buy, not because I'm loaded with dough, but because I know any problems will be mine, and not someone elses. I respect anyone who is into maximizing their transportation dollars, but imagine a world where nobody bought a new car. Also, I come from a long line of car guys. I can remember the sense of joy my father had when he came home with a new set of wheels. And I have many friends who believe in buying only used. They're usually lined up at my door when I start talking new car. My used cars are barely broken in after 6 years. No matter what your car buying philosophy is, just one reminder, an old saying from a dear friend who owned a transportation company, "Keep the rubber side down!"
That's why I buy new. I like to know the history. Sure, you can get great deals used.

When I ever look at used, the prices seem to high. I think, I might as well buy new. You have less financing options as well. You also have the option of ordering only what you need/want with new.

Like someone said, you need to get a decent deal when buying new. I've seen 1-2 year old used ones go for close to the same price as what I paid, new.
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Old 11-11-2013, 05:52 PM
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Re: Optimal Cycle for Buying a new Jeep

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Originally Posted by whartung View Post
Pretty much every article I've read on buying vehicles suggest that if you want to have the lowest costs of vehicle ownership, buy a used one, 2 years old (largest depreciation hit), pay cash (no interest), and sell it in 3 years for another 2 year old car.

Vehicles with lower depreciation schedules than not are cheaper to own, as they simply lose less value over time.

You "never" save money buying a new vehicle.

That said, I don't practice that -- I hate buying cars, I'm not a car "guy", so I drive them in to the ground. I bought new because the model just swapped over and was significant enough that I didn't want to wait another 2 years, as my truck wasn't worth keeping that long.
The biggest hit on depreciation happens in the first 1/10th of a mile, unless the dealer's lot is 2/10ths long.

Some of the sources suggesting a 2-3 year old car will note that when you buy a used one, you should plan on spending a few percent of the price in either fixing things wrong or making it closer to what you were looking for.

Actual depreciation varies widely based on manufacturer, manufacturer pricing policies, rumors on reliability [that may or may not have basis in fact] such that
some cars are better buys as new than as used because the used ones retain too much of their sales price.

I tend to buy either new or used, depending on which has the best price/features/condition/cherry-out cost, but have gotten too cheap to make payments and just paid cash for last few decades.
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Old 11-11-2013, 09:49 PM
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Re: Optimal Cycle for Buying a new Jeep

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Originally Posted by mswlogo View Post
That's why I buy new. I like to know the history. Sure, you can get great deals used.

When I ever look at used, the prices seem to high. I think, I might as well buy new. You have less financing options as well. You also have the option of ordering only what you need/want with new.

Like someone said, you need to get a decent deal when buying new. I've seen 1-2 year old used ones go for close to the same price as what I paid, new.
Just because you see them listed with high "used car" sticker price doesn't meant that's what they sell for. My last car had a used car sticker of $19.5K; I only paid $14700 OTD (after tax, tags, title, doc fee). No trade in No down payment.

The rule of thumb is buy used (1/10 rule). You can get good info from:

New or Used [Fool.com: Buying a Car]
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