http://ultimatemoneyblog.com/pros-and-cons-of-buying-used-versus-new-cars Mon, 21 May 2012 00:25:59 -0700 hourly 1 http://wordpress.org/?v=3.0.1 http://ultimatemoneyblog.com/pros-and-cons-of-buying-used-versus-new-cars/comment-page-1#comment-42406 preowned vehicles Mon, 30 Aug 2010 19:48:12 +0000 http://ultimatemoneyblog.com/pros-and-cons-of-buying-used-versus-new-cars#comment-42406 the only real GOOD and CHEAP cars are those that do around 17 city 24 highway.... basically full size RWD American cars... you can pick up a 1994 Crown Vic for $800 and it will last you years, but fuel economy isn't as good as say, a 1987 honda civic for the same price that will last you 6 months. (Ricers inflate the price of those... a 1987 Civic is worth about $400 but Ricers think that they can put Japanese market engines in them to make them faster, but what really happens is they turn almost-junk into complete junk!) the only real GOOD and CHEAP cars are those that do around 17 city 24 highway…. basically full size RWD American cars… you can pick up a 1994 Crown Vic for $800 and it will last you years, but fuel economy isn’t as good as say, a 1987 honda civic for the same price that will last you 6 months. (Ricers inflate the price of those… a 1987 Civic is worth about $400 but Ricers think that they can put Japanese market engines in them to make them faster, but what really happens is they turn almost-junk into complete junk!)

]]> http://ultimatemoneyblog.com/pros-and-cons-of-buying-used-versus-new-cars/comment-page-1#comment-8020 DelCid Tue, 21 Apr 2009 17:49:52 +0000 http://ultimatemoneyblog.com/pros-and-cons-of-buying-used-versus-new-cars#comment-8020 Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price. Depreciation should always be factored into the equation. Consumers planning to keep a car for fewer than five years will likely get a better value buying a used car from a recent model year, which already has that initial depreciation built into the price. But if you plan on hanging onto the car for at least five years, it’s alright to go for that temptingly priced new car. The price of a car that’s more than five model years old is largely determined by its condition, rather than the initial selling price.

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