1. "*shrug* it depends on what you want" In response to Reply # 0
and the car classes are different than they used to be.
if an accord is more than you want to pay, I got my civic for less than 30k and we just got my wife one for significantly less, for a car that's basically the same size as the fusion I used to have that cost more than 30.
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 08:01 AM
2. "Unless I was a car fanatic I would never buy new. " In response to Reply # 0
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 08:36 AM
4. "My next car I’m trying to buy in cash" In response to Reply # 3
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 09:56 AM
9. "Yeah. We aren’t saving any money until we are done with daycare " In response to Reply # 5
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 09:59 AM
10. "I don’t consider 25K a good number for a used car" In response to Reply # 6
That’s like... crazy high
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
11. "Me either. But that seems to be the new normal" In response to Reply # 10
At least for cars less than 5 years old that are reasonably optioned (ie not base models).
We ended up paying cash to get a 2nd car when baby #2 came along and it became apparent that sharing 1 car wasn't gonna work for us anymore. But it's a 10 year old VW station wagon with well over 125,000 miles on it ....
2 years in...I kinda wish we'd just sprung for a brand new mini van...
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 10:38 AM
13. "Fuck a mini van. But I’m thinking 10K or less for my next car" In response to Reply # 11
7K to 10K and needs to last 5 years...
My wife’s car is almost paid off. Hopefully we can get another 100K mules out of it.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
22. "After the last drive from DC to Detroit in our SUV..i'm #TEAMMINIVAN" In response to Reply # 13
all IN.. I be seeing my neighbors in their mini van ... and they look SOOOOOOooooo comfortable and unstressed when they head out for road trips. Man...I want that...I need that... because paying for airline tickets is a non-starter lol..
14. "30k at 500 is about whats what in 2018" In response to Reply # 0
>I paid around (with tax and title) $27,500 for my Accord in >2003, and $29,000 for my Crosstour in 2012 - and I thought >those were expensive. > >But now it seems like most cars (well equipped - not the base >and not the one with all options) are over $30,000k. > >With $3,00 down and a 48 month term at 1.5% the car payment >for a $30,000 car is around $500 a month! > >So what's a reasonable price to pay for a *new* car that can >hold 4 people and get at least 20MPH? > >Or is buying used always a must?? >
>I think sticker was $29,000 but I paid out the door $27,500 - >which means I got it for $25,700 and the rest was tax and >registration. > >I was going to get a base model for $23 but the extra $2.5 for >a V6, nav and leather was a deal for a few grand more. > >But now that I'm 15 years older, making twice the money, have >fewer bills, --for some reason my brain NOW thinks paying $500 >a month is too much.
Hahaha funny how that works isn't it ? I'm in the same exact boat actually. I remember my first car loan I was like "wow - this is too damn easy" paying like $400 a month or whatever it was.
Now I spit at the thought of a car loan at all. Which both speaks to how fortunate I've been to be successful but also my aversion to monthly bills in general, even though I make way more money than I did when I was spending nearly double on my rent as I do on my mortgage, and was willingly signing on for a $400+ per month car payment.
17. "My advice is just to never buy new." In response to Reply # 0 Thu Nov-15-18 11:00 AM by Brew
I am sort of a car guy I guess, in that I look for something "new" every 3-4 years. But I always buy lightly used. Always. The old cliche is 100% true. You buy a brand new car, and literally the second you leave the parking lot you've lost a few thousand dollars (depending on the amount you bought it for/type of car in the first place). You can *always* find a car that's basically as good as new, and save yourself several thousand dollars if you look hard enough.
I've been in the green on each car I've owned and even though I attribute *some* of that to luck, it's primarily due to having done my research. My cars:
- In 2007, a year out of college, I bought a 2003 Nissan Maxima fully loaded. In great shape with 59k in mileage. A little higher than I wanted but I got it for $14k which was I think $2-3k below what similar Maximas were going for at that time. - In 2010 I traded the Maxima in for a 2009 Acura Tsx w/14k in mileage. A new Tsx would've run $30k+. For 14,000 miles I got the car for $21k. - In early 2014 I traded the Tsx in for a 2012 Infiniti G37x. It had 5k in mileage. Fully loaded. Brand new those were going for $35k+ with all the bells and whistles. I got it for $24k. With 5k in mileage aka basically brand new. - Just 2 weeks ago I upgraded to a 2016 Infiniti Q50, fully loaded with 18k in mileage. Brand new a Q50 is, again, $35k+. I got it for $22k.
All of these cars had clean Car Fax reports, no signifnicant maintenance issues, etc. To me it's a no brainer. If you do your homework you can get a good-as-new used car with negligible mileage and save yourself thousands of dollars.
Just my 2c. I know people who will never buy used and ALWAYS buy new (something about the rush of being the first owner of a car maybe ? Dunno) but I think they're insane haha. Just feels like you're setting a bunch of money on fire for no reason, to me.
You'll notice I've only bought Japanese vehicles and that's by design too. They hold their value well and have very, very minimal maintenance issues so long as you take reasonable care of them.
19. "RE: My advice is just to never buy new." In response to Reply # 17
>You'll notice I've only bought Japanese vehicles and that's by >design too. They hold their value well and have very, very >minimal maintenance issues so long as you take reasonable care >of them.
My first car was a 1997 Toyota Corolla gifted to me by my stepfather. Best.Car.Ever. And durable AF.
I had that joint for more than a decade and I had zero issues. The funny this, I didn’t take care of it. I would get oil changes once or twice a year and not check the engine oil that often. LMAO.
I heard Toyota has gone downhill a bit but I’m sure it’s better than a Ford. It pains me to say this cause I’m from the Motor City and I’d love to support a hometown brand.
-- "Music is not to be possessed; it's to be shared.” - James Mtume
"Just stay loose, keep it raw, and bang ya drums out sometimes." - Madlib
25. "RE: please read the links in my post above " In response to Reply # 23
Done. The nugget is at the end of the first link:
“All of this means: The next time you are shopping for a used car that doesn’t take the massive depreciation drop of a luxury brand, consider opening up the net to a new model because the gap may be closer than you think.”
That was a good read, thanks!
-- "Music is not to be possessed; it's to be shared.” - James Mtume
"Just stay loose, keep it raw, and bang ya drums out sometimes." - Madlib
26. "True indeed. It's amazing to me how this all seems to have changed" In response to Reply # 25
only within the past 5 years or so. We are feeling the pain of the "deal" we got on our CPO VW Touareg back in 2012. The warranty FINALLY ran out at the beginning of this year...and i've already dropped over $5K in repairs.. I really want to offload this joint...but at the same time...we got history and I done put all this loot into now, why stop?
>Done. The nugget is at the end of the first link: > >“All of this means: The next time you are shopping for a >used car that doesn’t take the massive depreciation drop of >a luxury brand, consider opening up the net to a new model >because the gap may be closer than you think.” > >That was a good read, thanks!
27. "Word - I did. They don't really dispute anything I said ..." In response to Reply # 23 Thu Nov-15-18 11:56 AM by Brew
... and even serve to further *prove* the things I said, at least in regard to the types of cars I bought. Don't think you were necessarily trying to counter my points though.
But yea, those links will definitely be useful for the OP ... in that I have to assume he's not necessarily drawn to luxury brands like I am, in which case some of those in the list of "Cars to buy new over used" may appeal to him.
But anyway like I said above, "just my 2c" so I was just offering my advice based on my experience. Though I guess I should have said "be sure to research both used AND new" when I said "do your research," based on the example of the Subarus in one of your links, where a 2018 Subaru was going for the same price as a used 2016.
30. "Oh nah, just wanted to add it to the mix since it was along the same lin..." In response to Reply # 27
>... and even serve to further *prove* the things I said, at >least in regard to the types of cars I bought. Don't think you >were necessarily trying to counter my points though. > >But yea, those links will definitely be useful for the OP ... >in that I have to assume he's not necessarily drawn to luxury >brands like I am, in which case some of those in the list of >"Cars to buy new over used" may appeal to him.
>But anyway like I said above, "just my 2c" so I was just >offering my advice based on my experience. Though I guess I >should have said "be sure to research both used AND new" when >I said "do your research," based on the example of the Subarus >in one of your links, where a 2018 Subaru was going for the >same price as a used 2016.
The legwork you mentioned is where most folks (like me that just don't have the energy and time anymore) fall off.
Were your purchases cash or financed? Do you know/think that factored into the deals you were able to get? Or was it more of a stars & market aligned type thing?
34. "Word that's what I thought." In response to Reply # 30
>The legwork you mentioned is where most folks (like me that >just don't have the energy and time anymore) fall off.
For sure. And thankfully for me I've got the experience and know what I like, so it doesn't really take me a *ton* of time like it did when I was first buying a car and didn't know shit about shit. I was lucky, too, to have my father who is probably the main reason I am a quasi-"car guy" as he is the type to flip every 2 years or so ... and so he had a ton of experience to lay on me when I was first looking to buy.
>Were your purchases cash or financed? Do you know/think that >factored into the deals you were able to get? Or was it more >of a stars & market aligned type thing?
I financed the Maxima, the Acura, and the G37. When I got to the point I could do it comfortably, I paid off the G37 in full ... I think that was in 2016. Then I paid cash right off the bat with this newest car.
So that being the case, I'd say it's more stars aligning in that the only car I've bought w/cash is this most recent one. So I did my research, but I also definitely lucked out in that I was able to find the cars I wanted, available at prices I was comfortable with. Plus I learned all the negotiating tactics from my Pops so I saved a few bucks more just based on that as well.
Also I never financed through a dealer, always through a bank or credit union, only further proof that it was more luck than how I was paying for it, in my case. Obviously dealers are willing to work with you more if you are doing your financing directly w/them.
39. "this is a key point." In response to Reply # 34
>Also I never financed through a dealer, always through a bank >or credit union, only further proof that it was more luck than >how I was paying for it, in my case. Obviously dealers are >willing to work with you more if you are doing your financing >directly w/them.
don't go to the dealer to get money. only use them to get the car. it gives you more power to go to the dealer when you're already financed by an outside source.
I'm financing my just purchased 2016 through a CU. got 2.69 interest. doubt any dealer will be that.
with that said, you tell a dealer that you got financed elsewhere, they may want to see if they can beat it. its a win for the buyer if you already have a low rate. especially if the dealer can actually beat the rate you came in with.
18. "in 2018, you're looking at $25K and up for something well-equipped" In response to Reply # 0
but me? I'd go CPO or straight up used
(or lease every few if you absolutely need something new. I'm not happy how the planned obsolescence of cars are turning out. the '00s were like the last time you could get a car you could conceivably keep for 10 years or more, because now? all these tablets and shit in cars make you wanna say "nope" before you get to the mechanicals.)
24. "^^^SPOT ON re. planed/designed obsolesce...& WPOTG is subscription!? " In response to Reply # 18
>but me? I'd go CPO or straight up used CPO is the only used route i'd take...if buying right out. Otherwise i'd just go new because the spread between CPO & New purchase when it comes to financing could easily be a wash these days...because used cars simply aren't the bargain they used to be.. and CPO typically means it has to be less than 4 years old..and i'm talking FACTORY CPO, not Joe's Used Cars Certification.
>(or lease every few if you absolutely need something new. I'm >not happy how the planned obsolescence of cars are turning >out. the '00s were like the last time you could get a car you >could conceivably keep for 10 years or more, because now? all >these tablets and shit in cars make you wanna say "nope" >before you get to the mechanicals.)
If this subscription thing catches on...I got feeling that Leasing a car is not going to be an option offered anymore. But the dealers are pushing back on this whole subscription thing.
31. "buy used and put down more than 3k" In response to Reply # 0
what you drive currently doesn't have any resale/trade in value?
-The Knicks’ coaching search still includes a lone frontrunner, Kurt Rambis, whose qualifications for the position include a strong relationship with Jackson and a willingness to take the job.
40. "I can’t see a good reason for buying new" In response to Reply # 0 Thu Nov-15-18 04:21 PM by DJR
I did it once....$400 payment each month. Now I’ve got a better car than that one, for $250 a month, because it was 3 years old when I bought it. I’ve had it for a couple years and haven’t had to spend a dime on repairs.
2-3 years old and in that $15,000 price range is right up my alley these days. To answer the question, MAYBE $20,000. But I’m not aware of any cars worth owning for 20k brand new?
legsdiamond Member since May 05th 2011 79493 posts
Thu Nov-15-18 07:04 PM
43. "I had a chance to lease a Sonata for $199 with no money down" In response to Reply # 42
This was way back in the day when they first came out with the new body. I didn’t have a car payment so I chilled. Wish I jumped on it because my car shit the bed a year later.
Always wondered if leasing would be a good idea if I wanted to stay newish with cars
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
44. "if you don't mind setting a pile of money on fire it's great" In response to Reply # 42
it's what we've done.
the tradeoffs are very clear. you pay a lot of mony for something you don't own at the end, but you can also just enjoy having a new car all the time and never have old car problems, which usually end up with you setting a pile of money on fire at unexpected times along the way.
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