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The initial depreciation hit is a lot more complex than most people think, and often a new car IS better than buying a 1-2 year old car. The reason cars depreciate so quickly isn't because their intristic value has suddenly dropped... it's because the market wouldn't pay anything else because if it was close to a new car price they'd just buy a new car. Why would the market be so wary of a 1-2 year old car? Well it's because there are only a few options why someone is selling it: Option 1: They don't like driving a car more than a year old. Option 2: They ran into troubled times and need money fast. Option 3: The car is a piece of poo poo/lemon. If the seller is part of option 1 or 2, then yes it is a good deal to buy a 1-2 year old car, but often enough it is option 3 and a new car is a much better deal. Don't depend on the seller to let you know (or at least truthfully) which of the above is the reason why he's selling. And since option 3 is more common, the price MUST drop, because the risk of lower quality has increased dramatically. In fact, the reason why quality cars don't drop in price as quickly is because it isn't often that they are pieces of poo poo, so less people sell them at 1-2 years. That being said... this doesn't apply to buying a 10 year old Honda or anything. Vomik fucked around with this message at 22:17 on Oct 20, 2009 |
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Oct 20, 2009 22:15
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| # ¿ May 20, 2024 23:53 |
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