Looking for advice....used vs new
Having some discussion with the Mrs, and now some of my own internal "struggles" if you will on a potential purchase we have made (of course its only on "hold" until I get get it driven etc.), but here is my dilemma....
I found what I believe to be a good deal on a used machine (2008) but it is 7 years old. While I will purchase extended warranty to cover appliances etc., even power train, it is still 7 years old. It certainly does not look it mind you, near new if you ask me, but on paper...its 7 years old. So in 5 years, what's it going to be worth, now its 12 years old, assume things will all still be working, but has it lost a ton of value.
She thinks I should buy new, trouble is, to get what we want new, is like another $40-50K. While I realize it has "new" warranty, powertrain etc., it will still depreciate significantly. If I want to spend around the same money, or even a bit more going from used to new, I frankly get a much lower quality unit.
So I am torn....do I spend $70K on a 2008 vs 100K on a "new" machine, that is NO where near the same quality...its just new. I really only need this machine to last us 5-7 years, at which time we plan to upgrade to the "retirement" version if you will.
I am sure I am not the only one to ask himself this question. I am confidnet that spending the money on the used as I say is good value, and in 5 years it will still have some value, mind you, not nearly as high as it is today of course.
thanks for reading.
I found what I believe to be a good deal on a used machine (2008) but it is 7 years old. While I will purchase extended warranty to cover appliances etc., even power train, it is still 7 years old. It certainly does not look it mind you, near new if you ask me, but on paper...its 7 years old. So in 5 years, what's it going to be worth, now its 12 years old, assume things will all still be working, but has it lost a ton of value.
She thinks I should buy new, trouble is, to get what we want new, is like another $40-50K. While I realize it has "new" warranty, powertrain etc., it will still depreciate significantly. If I want to spend around the same money, or even a bit more going from used to new, I frankly get a much lower quality unit.
So I am torn....do I spend $70K on a 2008 vs 100K on a "new" machine, that is NO where near the same quality...its just new. I really only need this machine to last us 5-7 years, at which time we plan to upgrade to the "retirement" version if you will.
I am sure I am not the only one to ask himself this question. I am confidnet that spending the money on the used as I say is good value, and in 5 years it will still have some value, mind you, not nearly as high as it is today of course.
thanks for reading.
