Forum Discussion
motorcanoe
May 17, 2015Explorer
Hi, I'm in the exact same boat as you at the moment and leaning towards new.
Here is the way I see it. I can get brand new for 55k. I had been looking at 10 year old class C's for half that. If I keep the new one ten years it will be worth 25k in ten years. Cost me 2500 a year to own it.
If I buy a used one for 25k and keep it ten years. Its now 20 years old and worth about 5k It cost me 2k a year to own it. Plus whatever maintenance it needs. But for the sake of argument I'll say maintenance on a used it equal to taxes and such on a new. Plus I have the cash to buy new, but I always invest it because I can make more investing it, than the loan percentage so I make out a little on this end as well. I avg 10-12% a year in the market vs 3-5% loan rate.
all the two to three year old Class Cs I look at are the same price as a new one so why not just buy new? Plus a used one is 300 a month and new is 500. extra few hundred a month not going to hurt me. I've always bought new vehicles as soon as I could afford to do so and will never buy used again. Again, if you buy new vehicles right, and wait for killer deals from the manufacturer new ends up costing the same as one a few years old.
Here is the way I see it. I can get brand new for 55k. I had been looking at 10 year old class C's for half that. If I keep the new one ten years it will be worth 25k in ten years. Cost me 2500 a year to own it.
If I buy a used one for 25k and keep it ten years. Its now 20 years old and worth about 5k It cost me 2k a year to own it. Plus whatever maintenance it needs. But for the sake of argument I'll say maintenance on a used it equal to taxes and such on a new. Plus I have the cash to buy new, but I always invest it because I can make more investing it, than the loan percentage so I make out a little on this end as well. I avg 10-12% a year in the market vs 3-5% loan rate.
all the two to three year old Class Cs I look at are the same price as a new one so why not just buy new? Plus a used one is 300 a month and new is 500. extra few hundred a month not going to hurt me. I've always bought new vehicles as soon as I could afford to do so and will never buy used again. Again, if you buy new vehicles right, and wait for killer deals from the manufacturer new ends up costing the same as one a few years old.
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