We'll See wrote:
CavemanCharlie wrote:
Dennis Smith wrote:
Buy slightly used and it's a lot cheaper
That is what I did. It is not a myth. It does take time and patiences though. I bought a 5 year old truck with 13000 miles on it. You don't find a deal like that every day but, they are out there you just have to do lots of looking.
I'm sure the purchase price is less than new as it should be. But you have a 5 year old truck that likely has little to no warranty left. Also, technology, performance, and safety features can improve or change dramatically over 5 years. I'm not saying that there aren't occasional deals out there but a $10,000 to $15,000 lower purchase price vs new is not worth it to me especially when the vehicle is out of warranty and has more than 50,000 miles (not your example but what I see in the market). Roughly one third of it's useful life is gone(the best third) but the buyer is not purchasing it for two thirds of the cost. I've bought new and used vehicles over the years and have mixed results. However, I'm currently looking at pickups now and the new trucks seem like the better overall value currently. I may lease or I may buy and drive it for 10 to 12 years. Regardless, new seems to be the better value even with these crazy inflated prices.
I understand your opinion and respect it. For you it may be the right thing to do.
The only thing I would argue with is that you say 50000 mile is a third of it's life. Not anymore. If I do the math right you are expecting 150000 miles out of a truck. (Heck, I could get that many miles out of any vehicle back in the day if you did good maintenance ). These days 200000 miles is the very easy new norm. 250000 or more is not unheard of. 50000 miles is a quarter of it's life.
Sorry to be so picky.
