Originally Posted by orangello
If you never plan on selling the car (drive till the wheels come off), the "depreciation"/drop in resale value that hits new models in the first year or two after their sale won't really matter much over the life of the car. That said, i prefer used car dealers.
I disagree with the "new" thing.
Does not matter if your keeping it for 1 year or 15... An extra 20 to 50 percent on the purchase price is a premium you don't have to pay.
My wifes current vehicle is a 00 Montero Sport. New retail on it would have been 25k... I bought it used in 05 with 77k miles for $7200.00... That's a 61% savings! We paid it off in 20 months, have been driving it free and clear 6 of the last 8 years with nothing out of pocket besides scheduled maintenance and fuel.
With an average car payment of $500 per month... The "no payments" for the last 6 years have saved us $36,000.00...
Just saying... Thats ALOT of ammo scratch!