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New cars are simply a waste of money.
A 2-3 year old car will retail for just over half of the new sticker MRSP. So you're essentially dropping $10,000+ just to have a "new" car instead of one that just looks and runs like new.
Sure. I'm not saying you can't reward yourself occasionally. Occasional rewards are better than gouging yourself and then spending a good part of your life in fear and unease.
New cars are simply a waste of money.
A 2-3 year old car will retail for just over half of the new sticker MRSP. So you're essentially dropping $10,000+ just to have a "new" car instead of one that just looks and runs like new.
I drive a used car, and I love it.
That being said, the depreciation of a new car is only an issue if you plan on trading it in within a couple years -- keep it ten years or so, and it's not much different. I can definitely see the appeal of driving a car off the lot with only five miles on the odometer.
The vast majority of dealerships use calendar months to determine sales goals. My brother used to sell Lexus cars and I know many others in the business as well. In fact I don't personally know of any dealerships that don't use calendar months.
My wife just got an 08 Infiniti G37 coupe 3 weeks ago, it is so sweet.
330 HP and does everything for you but wipe your ass. Same color too
Exactly. I waited six years after I graduated from college to buy my first new car- saved up and paid cash for it. Then, I had no debt when I went to purchase my home- which will be paid off in 15 years thanks to a nice down payment (saved up because I had no car payment) and a low interest rate, no PMI, ... The most important time to save money is when you are young.
My wife just got an 08 Infiniti G37 coupe 3 weeks ago, it is so sweet.
330 HP and does everything for you but wipe your ass. Same color too
You know Jim you could have saved thousands of dollars if you bought a 3 year old compact pickup!
You selling one?
Sorry that some people weren't willing to give you the narrow, specific advice you were interested in, but instead chose to give you practical, experience based advice...
My wife just got an 08 Infiniti G37 coupe 3 weeks ago, it is so sweet.
330 HP and does everything for you but wipe your ass. Same color too
very nice!
i'm gonna hold out for the wipes my ass model!
In 2003 I was looking for a car - my old 1993 Maxima had 250,000 miles on it and was going to cost more to repair than it was worth. I wound up at the Austin Infiniti dealership. Test drove a G35 and loved it. Went home to get the le to the Maxima and came to my senses. When I got back to the dealership, I went to the used cars, found a 2001 I30t with all the bells and whistles I could hope for - including an extended warranty - that was on lease return, and I've never regretted the decision. I wound up saving $14,000.00 by going with a car that was a couple years old and had 20,000 miles on it.
The best part is I get the same great service - always a loaner car ready for me when I bring mine in for service, the people listen to you and address your concerns, etc.
So my specific advice to you is:
1. I would look for lease return small SUV's if you like that style vehicle. Most will be certified cars that come with warranties just as long or longer than a new car warranty. They'll cost less up front. And if you get a reliable model (RAV4,, CR-V, etc. - check consumer reports to verify) a couple years really won't make much of a difference in the lifetime of a car - certainly not enough to justify the $5,000 - $10,000 price differential.
2. If your heart is set on new, if you can hold out for 9-12 months companies are going to start rolling out their clean diesel engines. (Honda even has one in the works for the Accord.) Much better fuel efficiency, less emmissions, longer lasting engine, and if gas prices stay in their current neighborhood, not much of a difference in fuel price. Overall a pretty good deal.
good luck.
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