Buying new vs. Pre-owned (3 years old)
I am just wondering what are the pros and cons in buying new vs pre-owned? How do you justify buying new and take all the depreciation within three years? Maybe you can shed light to me how to perceiv...
Forum Discussion
Bumpyroad wrote:
I thought that a new unit had a lower interest rate than a used one?
have things changed?
bumpy
According to the boa website, there is about a .05 % difference between a new unit and a used unit (from a dealer). But it did not list the limitations, which I am sure there are. But technically, yes the interest rate on a new unit is less than a used unit.
I think that used units can't be financed as long of a period either. There may be exceptions.
Still, I don't like buying other people's problems. The funny thing is that when people buy from a dealer and are not told of issues with a unit, then they get mad. But those trading in a unit sure don't tell about issues to the dealer.
