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Buying New vs. Used Vehicles

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Comments

  • robbiegrobbieg Posts: 323
    I understand that it never hurst to make an offer but at the same time if the asking price is so high then they may not be open to a reasonable offer. For example, I searched the Audi CPO website and there is an 2008 A4 quattro with 38k miles for 20,999 in Virginia. My local Audi dealer has the same car for 25,999. Big difference in price. I can't imagine that they will knock 5000 off of price. So it probably isn't worth my time to drive to the dealer and make an offer.
  • qbrozenqbrozen Posts: 16,895
    edited May 2011
    An '08 2.0T Avant with leather and 40k'ish miles is worth between $20k-$21k as a trade. So CPO for such a car is probably in the $25k range.

    A comparable sedan (gotta add quattro to be comparable) is actually $3k less.

    The CX7 seems like a good buy to me, which is why I listed it up top. I mean, that's a $32k vehicle new. So $22k for one with 30k miles ain't bad at all, IMHO.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    edited May 2011
    " So it probably isn't worth my time to drive to the dealer and make an offer. "

    The above attitude, approach, & thinking is not appropriate in buying.

    There is no fear in making your offer regardless of any posted price.

    Confront the Sellers and state your offers. You have no idea what is on their balance sheet and when they will jump on your price. Be Bold! :mad:
  • fushigifushigi Posts: 1,218
    If you're considering the Rogue, have you also looked at others in it's class? Outlander Sport, Tucson, and Sportage are all comparable in size & price though all three offer better fuel economy & warranty than the Rogue.

    Personally, I keep my cars for 8+ years so the question that springs to mind is why are you looking to trade in now? Is there something about the Subie you can no longer live with or are you just ready to move on?
  • robbiegrobbieg Posts: 323
    Time is money. I have more important things to do tham make an offer that has little chance of being accepted.
  • robbiegrobbieg Posts: 323
    I was in a wreck last year and the car was fixed. My wife doesn't like this fact. Also, sort of want a bigger car or a car that isn't a sedan. Basically, have two boys and a big dog. So a SUV even a small one would help. Our other car is a minivan but because of our schedules we frequently need two cars that can hold the kids and dog.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    Your first statement is true. ;)
  • qbrozenqbrozen Posts: 16,895
    I agree with the OP. Unless it is a hard to find vehicle, I'd rather spend my time focusing on cars with more realistic asking prices.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • fushigifushigi Posts: 1,218
    Well, I can certainly understand that. Even a repaired vehicle will often leave an accident "aftertaste".

    Also, my sister-in-law had issues with a post-accident-but-supposedly-repaired pickup. The truck ran fine but in a followup accident some time later the airbags never deployed. :mad:

    I think you're on the right track with a small SUV/CUV or a wagon.
  • bigram03bigram03 Posts: 3
    Hey all,

    Looking to get a car here fairly soon and wanted to ask which is a better value car to buy (new or used)

    With the way the used car market is right now which would be the best way to buy taking into account that we drive our cars till they die? We plan to keep anything we buy 15+ years are have concerns buying a used car that already has a chunk of its life used up only to save a few thousand bucks. Any advice is welcome
  • Kirstie@EdmundsKirstie@Edmunds Posts: 10,676
    Oh gosh, I'd go for new in that case. When you buy a used vehicle, sometimes the full original-owner warranty doesn't transfer. So, say you buy a vehicle that has a 10 yr/100k mile warranty when it's new, but you buy it used - the second owner may only get 5 yr/50k warranty. I'd think it'd be nice to have the full warranty in effect for at least half of the time you plan to own it.

    Out of curiosity, what vehicles are you considering? My opinion might change.

    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

  • tjc78tjc78 JerseyPosts: 5,023
    Yes, need a little more information. If you are looking something inexpensive like an Elantra, Focus etc I think I would certainly buy it new. Over the 15 years the extra expense will average itself out.

    OTOH if you are looking at something pricey, it may be more cost effective to buy a one or two year old model which could mean thousands of dollars of savings.

    Kirstie provided good advice on the factory warranty. Check to make sure it is transferable. I know that Hyundai is one manufacturer that doesn't allow their 10/100K warranty to be transferred.

    1999 Chevy S10 / 2004 Merc Grand Marquis / 2012 Buick LaCrosse

  • qbrozenqbrozen Posts: 16,895
    As said above, it definitely depends on the car.

    If anything with steep depreciation, I would still suggest used... however, because you keep the car forever, VERY SLIGHTLY used would be the way to go. Take, for instance, a $50k BMW and put under 10k miles on it and you, the second buyer, could get it for around a 30% discount.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • houdini1houdini1 Kansas City areaPosts: 5,774
    In you circumstances I would buy a new Hyundai because of the 5 year bumper to bumper warranty and the 10 year power train warranty.

    If you are an upscale model buyer, go for the Genesis. If you want an economy model, the Accent, Elantra or the Sonata. Suv, Santa Fe or Tucson.

    I have never owned a Hyundai...and I don't work for them. Never have. They would just seem to fit your circumstances.

    2013 LX 570 2010 LS 460

  • bigram03bigram03 Posts: 3
    somehting in the 15 to 20k range...
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 2,578
    Our Hyundai Accent has been a dream to own with only one warranty issue in the 4th year which was taken care of within 2 hours of driving it in to the service lane. The car drives well for a sub-compact and the mileage is very good. As a 1st car for our daughter, we have been very pleased with it and the wife is planning to buy another one next year for herself at this juncture.I personally think she should get the Elantra but she has to drive it as her daily driver so the choice is hers alone.

    The Sandman :) :sick: :shades:

    2014 Hyundai Tuscon SE/2005 Mazda 3s/2008 Hyundai Accent GLS/2009 Nissan Versa SL hatch

  • Kirstie@EdmundsKirstie@Edmunds Posts: 10,676
    A reporter is looking for a car buyer who was approved for a car loan after their credit was dinged during the Great Recession. If you or someone you know was affected by the recession, but is now fighting to get back on his/her feet, and was recently approved for a car loan, please send your daytime contact info to pr@edmunds.com no later than Monday, 3/11/13 at 2 p.m. PT/5 p.m. ET.

    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

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