User Panel
User Panel
User Panel
|
Posted: 6/18/2018 5:21:34 PM EDT
I don't get the strong attraction people have to new vehicles. They are hands down the worst thing you can do with a large sum of money. They don't endure very well. They get beat up and look like shit in a few years if you don't put them in a garage, which most people don't. They lose value faster than a hooker without a pulse and cost a fortune to purchase. I just don't see the economic ass raping being dished out as a reasonable purchase trade for large amounts of money, which most people don't have and go into debt to acquire. It's just insane.
The last "NEW" car I bought was a 1992 Plymouth Voyager through AAFES in Germany. That woke me up to the reality of how much money went away like magic. I decided then I would never again turn $22K(+interest) into $3K over ten years. How do you justify the the financial evaporation of tens of thousands of dollars over not too many years just to have a shiny thing that slowly dulls and dissolves into worthlessness? It really is insane. My daily driver is a 2004 Impala I bought used in 2005 for $11K. Spent $6K completely going through the car a couple years ago (motor/trans/suspension/exhaust/ hubs/ injectors etc.). Thirteen years, 230K miles and a drive anywhere tomorrow car and I have less than $20K in it. Full disclosure: My wife though...(2017 Explorer)  But she has her own money, so if it makes her happy, all's good in my world.
|
|
|
|
Posted: 6/18/2018 5:24:38 PM EDT
[#1]
$50-$100k is just not a lot of money to many people.
Most people here just pay cash anyway. |
|
|
|
Posted: 6/18/2018 5:24:47 PM EDT
[#2]
from your lips to god's ears
|
|
|
|
Posted: 6/18/2018 5:25:01 PM EDT
[#3]
Do you have a moment to talk about our lord and savior the Toyota Tacoma?
|
|
|
|
Posted: 6/18/2018 5:25:11 PM EDT
[#4]
Quote HistoryQuoted:
$50-$100k is just not a lot of money to many people. Most people here just pay cash anyway. |
|
|
|
Posted: 6/18/2018 5:25:17 PM EDT
[#5]
lol
go be poor somewhere else 
i bought my wife a new QX80 last week too in cash 
|
|
|
|
Posted: 6/18/2018 5:25:31 PM EDT
[#6]
A few years ago I was looking for a truck. I thought the same as you.
2012 F150 with a few options and 75k miles was $30k. 2015 (brand new) fully loaded with exactly everything I wanted was $35k. I went with the brand new truck and I have no regrets. |
|
|
|
Posted: 6/18/2018 5:26:28 PM EDT
[#7]
I buy Toyota’s,what’s this deprecation thing people keep talking about?
Don’t buy junk and it’ll last and still be worth something. |
|
|
|
Posted: 6/18/2018 5:26:58 PM EDT
[#8]
You bought a 1 year old car for 11k in 04?
Or did you mean 2015? |
|
|
|
Posted: 6/18/2018 5:27:27 PM EDT
[#9]
Well, your FIRST problem was buying through AAFES! Seriously, though, I tend to buy vehicles from older folks, or from estate sales where the family just wants to get rid of the "old clunker". It's how I got my 1980 LTD Coupe with under 19,000 miles on it ($3000 for it), and my 1975 F250 CrewCaB ($1000 for it) We also have fairly new cars in the family- 2012 Honda CRV, 2006 Escape, for example.
|
|
|
|
Posted: 6/18/2018 5:28:24 PM EDT
[#10]
Quote HistoryQuoted:
A few years ago I was looking for a truck. I thought the same as you. 2015 (brand new) fully loaded with exactly everything I wanted was I went with the brand new truck and I have no regrets. |
|
|
|
Posted: 6/18/2018 5:28:30 PM EDT
[#11]
If you're looking for any A-to-B transportation - sure. It's slim pickings, if you're looking for a fun/unique car with a set of requirements.
|
|
|
|
Posted: 6/18/2018 5:30:07 PM EDT
[#12]
Sometimes, it pays to buy new. Sometimes it doesn't.
|
|
|
|
Posted: 6/18/2018 5:31:56 PM EDT
[#13]
My friend bought a brand new Civic in 2011 for 17K. Drove it for a bit over a year, put 11k miles on it. Traded it for a different car. The dealer had his Civic on the lot for $18.9 the next week. /csb
|
|
|
|
Posted: 6/18/2018 5:32:36 PM EDT
[#14]
Because the vehicle I want is still expensive as fuck with a few years and 70k miles on it. Might as well buy it new and not have seats full of other people's farts.
|
|
|
|
Posted: 6/18/2018 5:32:56 PM EDT
[#15]
Quote HistoryQuoted:
lol go be poor somewhere else
i bought my wife a new QX80 last week too in cash Happy for you, but a $60k vehicle never made sense. I would rather be retired at 49 and not have to get another job or give up my gun money to buy an expensive car. |
|
|
|
Posted: 6/18/2018 5:33:31 PM EDT
[#16]
Because most used car prices are ridiculously high right now that it’s usually not a lot more to buy new?
Plus, be poor and jealous somewhere else. I just bought a new car and I didn’t buy it for an investment and fully realize it’s a terrible use of money but sometimes you gotta enjoy life. Can’t take it all wit you. |
|
|
|
Posted: 6/18/2018 5:33:59 PM EDT
[#17]
I have a 2018 F350 on order. Should be here in 2-3 weeks
|
|
|
|
Posted: 6/18/2018 5:34:30 PM EDT
[#18]
Lol don’t buy a $100k BMW brand new... lease it...
|
|
|
|
Posted: 6/18/2018 5:35:01 PM EDT
[#19]
Quote HistoryQuoted:
Do you have a moment to talk about our lord and savior the Toyota Tacoma? |
|
|
|
Posted: 6/18/2018 5:36:04 PM EDT
[#20]
Lol.
Have you priced used vehicles lately? |
|
|
|
Posted: 6/18/2018 5:36:59 PM EDT
[#21]
Fuck new truck prices. I'll drive my Camry and keep my old beater pick up for hauling mulch.
|
|
|
|
Posted: 6/18/2018 5:38:09 PM EDT
[#22]
Quote HistoryQuoted:
You bought a 1 year old car for 11k in 04? Or did you mean 2015? |
|
|
|
Posted: 6/18/2018 5:38:39 PM EDT
[#23]
I have a new 2017 explorer and a used 2008 ford edge at my disposal, they both have their uses, the old beater is my DD, the new car is the long range driver for when I cant afford a breakdown.
Go be poor somewhere else. |
|
|
|
Posted: 6/18/2018 5:39:04 PM EDT
[#24]
"How do you justify the the financial evaporation of tens of thousands of dollars over not too many years just to have a shiny thing that slowly dulls and dissolves into worthlessness? It really is insane".
Well, if it's a hobby and you keep the car(s) for 20 years or longer it really isn't a problem. |
|
|
|
Posted: 6/18/2018 5:39:30 PM EDT
[#25]
Quote HistoryQuoted:
Because the vehicle I want is still expensive as fuck with a few years and 70k miles on it. Might as well buy it new and not have seats full of other people's farts. Or, just get one that doesn't depreciate like hillary's underwear drawer at a snake handlers convention. Do the math on the used cars you see, and find the depreciation curve for that model. Some cars do hold their resale value. For such a car, the difference between "new" and "2 years old" is only a couple thousand. So by buying new, you just add a few more years onto the car rather than a few more years and 10k increased price. Anyway, buying a car (any car) is a fucking hassle and a huge pain in the fucking ass. Financing, cocksuckers crawling the lot, flakey assed retards on Cragislist, etc. I prefer to do it as infrequently as possible, so I buy new, and I drive it til it's done. |
|
|
|
Posted: 6/18/2018 5:39:33 PM EDT
[#26]
Troll post?
Just under 20k for an Impala to get 230k miles and 13 years sounds about right. Buy another econo sedan for 25k and drive it relatively worry free for your next 13 years. Used prices are insane, significant discounts seem few and far between over new when mileage is factored in, especially here in the midwest where salt now has a 3 to 5 year head start. |
|
|
|
Posted: 6/18/2018 5:40:14 PM EDT
[#27]
My paid less for my wife's new in 2017 4-Runner than the scarce used ones i could find. I now the dealership manager so that helped a little.
We will have it forever. |
|
|
|
Posted: 6/18/2018 5:40:32 PM EDT
[#28]
Quote HistoryQuoted:
Because most used car prices are ridiculously high right now that it’s usually not a lot more to buy new? Plus, be poor and jealous somewhere else. I just bought a new car and I didn’t buy it for an investment and fully realize it’s a terrible use of money but sometimes you gotta enjoy life. Can’t take it all wit you. |
|
|
|
Posted: 6/18/2018 5:40:43 PM EDT
[#29]
Quote HistoryQuoted:
"How do you justify the the financial evaporation of tens of thousands of dollars over not too many years just to have a shiny thing that slowly dulls and dissolves into worthlessness? It really is insane". Well, if it's a hobby and you keep the car(s) for 20 years or longer it really isn't a problem. |
|
|
|
Posted: 6/18/2018 5:41:04 PM EDT
[#30]
Quote HistoryQuoted:
I don't buy new cars, I could buy one If I wanted to eat into my $1k a month gun money. Happy for you, but a $60k vehicle never made sense. I would rather be retired at 49 and not have to get another job or give up my gun money to buy an expensive car. |
|
|
|
Posted: 6/18/2018 5:41:18 PM EDT
[#31]
Used car market is shit right now.
|
|
|
|
Posted: 6/18/2018 5:41:43 PM EDT
[#32]
Quote HistoryQuoted:
You paid cash too, right? |
|
|
|
Posted: 6/18/2018 5:42:03 PM EDT
[#33]
$6k into a used $1,000 car? Sounds like a really bad investment...
|
|
|
|
Posted: 6/18/2018 5:42:52 PM EDT
[#34]
I just bought a Tahoe with less than 5k miles on it that saved me like $20k, it's ridiculous.
|
|
|
|
Posted: 6/18/2018 5:43:54 PM EDT
[#35]
So ya bought a used card and dumped enough money into it you could have had a brand new car with a warranty for the same amount? If you think saving on some interest is such a big deal then that's not the argument you're needing.
If anything I'd investigate how you put so many miles on a car in that amount of time. I'm assuming you commute a long way to work and haven't bothered to relocate. |
|
|
|
Posted: 6/18/2018 5:45:11 PM EDT
[#36]
Agreed, OP.
Last new car I bought was in 1985. Never again |
|
|
|
Posted: 6/18/2018 5:45:27 PM EDT
[#37]
Treating (normal daily driver) vehicles like an investment is a ridiculous point of view.
OP says "I turned 22k into 3k in x years." And feels like he 'lost' 19,000 dollars. The real question is, did he get 19000 dollars worth of use out of the vehicle in those years? If yes, great. If no, learn and make a better choice next time. |
|
|
|
Posted: 6/18/2018 5:46:09 PM EDT
[#38]
Quote HistoryQuoted:
I buy Toyota’s,what’s this deprecation thing people keep talking about? Don’t buy junk and it’ll last and still be worth something. |
|
|
|
Posted: 6/18/2018 5:46:46 PM EDT
[#39]
Obama and cash for clunkers really fucked the used car market.
|
|
|
|
Posted: 6/18/2018 5:47:11 PM EDT
[#40]
I like having a warranty.
I like not having to worry about how much the previous owner abused the car. I like the new car smell. I grew up in a lower income house, where we had shit box cars. So I enjoy the fact I’ve worked hard enough thus far in life that I can afford to buy a brand new $50k vehicle every few years. Do I lose money cause of depreciation? Sure. Would it be smarter to buy something certified preowned? Probably. But I like cars, they make me happy, so I don’t mind spending the money. After all you can’t take it with you. |
|
|
|
Posted: 6/18/2018 5:47:25 PM EDT
[#41]
Well you can follow this logic to it's bitter end. Driving an old piece of crap or taking the bus. Both are cheaper forms of transportation. Which in the end of the day is what the expense of owning a car is all about.
So the question is - how much more than bargain basement are you willing to pay for your transportation? Some folks are happy buying a 2-3 year old car and avoiding the steep initial drop in value of a new car driven off the lot. Usually of course the car has miles on it so it's future use for its basic function is somewhat less than a brand new car. Some are willing to drive an older car and deal with the occasional repairs and break downs. In the long run they definitely save money. If all I cared about was the money I'd drive a 15 year old Honda Civic. But I like something safer, more comfortable, with better AC, and no maintenance worries works for me. I'm willing to pay more to get it. How much more? Everyone is different. |
|
|
|
Posted: 6/18/2018 5:47:37 PM EDT
[#42]
Quote HistoryQuoted:
I buy Toyota's,what's this deprecation thing people keep talking about? Don't buy junk and it'll last and still be worth something. |
|
|
|
Posted: 6/18/2018 5:47:58 PM EDT
[#43]
Quote HistoryQuoted:
Troll post? Just under 20k for an Impala to get 230k miles and 13 years sounds about right. Buy another econo sedan for 25k and drive it relatively worry free for your next 13 years. Used prices are insane, significant discounts seem few and far between over new when mileage is factored in, especially here in the midwest where salt now has a 3 to 5 year head start. |
|
|
|
Posted: 6/18/2018 5:50:05 PM EDT
[#44]
I don't get the strong attraction people have to new vehicles. They are hands down the worst thing you can do with a large sum of money. blah, blah, blah 
|
|
|
|
Posted: 6/18/2018 5:51:34 PM EDT
[#45]
Quote HistoryQuoted:
$6k into a used $1,000 car? Sounds like a really bad investment... |
|
|
|
Posted: 6/18/2018 5:51:50 PM EDT
[#46]
Vanity, plain and simple.
|
|
|
|
Posted: 6/18/2018 5:51:59 PM EDT
[#47]
Quote HistoryQuoted:
Because the vehicle I want is still expensive as fuck with a few years and 70k miles on it. Might as well buy it new and not have seats full of other people's farts. |
|
|
|
Posted: 6/18/2018 5:52:55 PM EDT
[#48]
It's not insane if you drive them until the wheels fall off.
|
|
|
|
Posted: 6/18/2018 5:53:37 PM EDT
[#49]
I get it.
I buy 2 or 3 year old cars that have depreciated 30%. Last one I did (Toyota) had 20K miles on it and I saved $13K, now has 152K on it and is still running great. I've put $900ish in repairs during the 7 years I have owned it. Recently I bought a 2001 4Runner in great shape with 200K miles on it for $4K. Even if I throw it away at the end of the year, I am still ahead of the new one the minute I drive it off the dealer lot. The taxes alone on a new one would be more than what I paid and I don't have to worry about scratches or door dings. |
|
|
|
Posted: 6/18/2018 5:55:59 PM EDT
[#50]
why do people feel the need to make a thread about how other people spend their own money buying cars for themselves and their family ?
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
