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Buy New, Used or Wait?
LongbowLady
Member Posts: 2
'03 Focus is getting ready to retire. We have had 19 great years with it but it has minor issues and plenty of rust. Starting to look for something different. Thinking used, but with prices sky high I started to look at new just to see.
We are interested in the '22 Corolla and new is basically the same price as 2-3 years old with 50K miles. I confirmed with our dealer that they are not charging above MSRP as a lot of dealers are on certain models. we would have to order it, but we are in no hurry and can wait the 3-6 months.
We usually buy used and keep our cars until repairs don't make sense anymore. My question is, do we #1. continue to wait until his car dies, keeping in mind its almost 20 years old 175K+ miles.
#2. just keep looking for something used to come along (I'm concerned we will will put ourselves in a position where we have to make a quick decision and end up with something we don't really want/spend waaayy too much).
#3. order a new car now
I've been reading that prices are supposed to stay high maybe even until 2024 now, so I'm worried a good used deal is going to be very hard to come by. We also want a small car, so are not super flexible on make and model.
Any advice is appreciated. My husband is very slow to make big decisions and I feel like we need to make a decision soon. We will also pay cash no matter which way we go so that doesn't really affect anything.
We are interested in the '22 Corolla and new is basically the same price as 2-3 years old with 50K miles. I confirmed with our dealer that they are not charging above MSRP as a lot of dealers are on certain models. we would have to order it, but we are in no hurry and can wait the 3-6 months.
We usually buy used and keep our cars until repairs don't make sense anymore. My question is, do we #1. continue to wait until his car dies, keeping in mind its almost 20 years old 175K+ miles.
#2. just keep looking for something used to come along (I'm concerned we will will put ourselves in a position where we have to make a quick decision and end up with something we don't really want/spend waaayy too much).
#3. order a new car now
I've been reading that prices are supposed to stay high maybe even until 2024 now, so I'm worried a good used deal is going to be very hard to come by. We also want a small car, so are not super flexible on make and model.
Any advice is appreciated. My husband is very slow to make big decisions and I feel like we need to make a decision soon. We will also pay cash no matter which way we go so that doesn't really affect anything.
0
Comments
Have you considered other brands? Honda, Kia and Hyundai all make decent competitors to the Corolla.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As Michaell mentioned there are worthy competitors to the Corolla, which is a fine car in this space. It may come down to what you can find in inventory. It goes and comes in my area. One week a dealers lot will have a decent amount of inventory, next week the cupboard is bare again.
2024 Jeep Grand Cherokee L Limited Velvet Red over Wicker Beige
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible