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New 2010 Subaru Outback or Used 2007 Lexus RX350

jlengjleng Posts: 5
It is hard to make decisions about whether to buy a new 2010 Subaru Outback (2.5i premium) or a used 2007 Lexus RX350 (with around 38000 mileages). Both cars are under a similar price range. I have heard a 3-5 year old used car depreciates less than a new car. Comparing the resale value, which car is better? Anyone has any experience or suggestion? Much appreciated!

Comments

  • ateixeiraateixeira Posts: 72,587
    Well, the steepest part of the depreciation curve is the first few year for any vehicle. The most expensive smell in the world is new car smell. ;)

    Having said that, the Lexus will be out of warranty soon. Are you shopping CPO?

    Keep in mind if both last 8 years, you'll have the Subie for 8 years, the Lexus for only 5.
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