Quote:
Originally Posted by XLife14
Best method is the only finance half - if you don't have half upfront, don't buy. 48month is usually a good term. Never buy new unless you like to watch money burn...lol
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And this gets back to my original reply in this thread. Why not buy new if you hold on to the car for a long while? It's ridiculous to paint with such a broad brush.
I've never traded in any car I've owned. I've only sold off one car to a car buying service because having that car around with at the time two cars already was not prudent. The car buying service offered me more than what I would have gotten if I traded it in. That car I happened to buy used and felt comfortable about it because I was able to talk to the original owner. That car I owned for 16 years before selling it. My daily beater at the time I owned for 8 years until it was done in by a deer. I would have continued to drive that thing till I ran it into the ground. My previous car I drove till it blew a head gasket at around 170,000 miles and owning it for 11 years. My two bikes I currently own are 15 and 10 years old respectively. My 135i is going on 6 years and I have no intention of doing anything with it. Again all these vehicles were purchased new with the exception of the one used car I sold to a car buying service.
Could I have maximized my money more by buying used? Sure. But I certainly didn't piss away money that you're implying by buying new.