Originally Posted by Jeff_Jeske
I have always bought new... and never ever have I lost $10k in the first year. Get a decent deal and then sell privately you shouldn't lose more than $5k which is about the average depreciation for the first three years. The key is to not get taken for a ride when you buy yours.
Well, I paid 1% under invoice when purchasing in 2012. At the time it was one of the better deals anyone was getting. Out the door the car was $63k, probably more like $59k without tax.
3 years later, I see most 2012's on AutoTrader and Ebay are selling for around $47,000 - $50,000
2014's are selling for $52,000 - $55,000.
Unless you're seeing something I'm not...