New car purchasing - Chicagoland Sportbikes
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View Poll Results: Buy new or used?
Only buy new, don't want someone else's problems. I'll take the price hit. 7 16.28%
Certified pre-owned, cost a little more but worth the piece of mind. 12 27.91%
Used, 3yrs old and I can get a Caddy, BMW, Infiniti, etc for the price of a new Honda Accord? Sold. 14 32.56%
I'm only buying a new car when I can no longer push mine, drive it till it doesn't run. 10 23.26%
Voters: 43. You may not vote on this poll

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post #1 of 34 (permalink) Old 08-09-2012, 07:13 AM Thread Starter
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New car purchasing

Just curious on peoples opinions. Buying new worth the extra piece of mind even though depreciation begins the minute you sign on the dotted line or do you let someone else take the hit and buy something 2 or 3 yrs old after the price drop. Seems like you can buy an average car brand new or buy a late high end model for the same price.

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post #2 of 34 (permalink) Old 08-09-2012, 07:23 AM
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Depends on the situation. I bought my car new with good finance rates. Since I didn't have a lot of cash to put down, there wasn't much in the used market that caught my eye. I plan to keep the car until its worthless anyway, so this way I can get a few more years out of it.

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post #3 of 34 (permalink) Old 08-09-2012, 07:35 AM
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Quote:
Originally Posted by PatFitz9 View Post
Depends on the situation. I bought my car new with good finance rates. Since I didn't have a lot of cash to put down, there wasn't much in the used market that caught my eye. I plan to keep the car until its worthless anyway, so this way I can get a few more years out of it.
This ^

Bought my only new car cause of zero percent financing.

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post #4 of 34 (permalink) Old 08-09-2012, 08:33 AM
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The price of used has skyrocketed. Look for new at 0%.

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post #5 of 34 (permalink) Old 08-09-2012, 08:48 AM
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IMO, it's a personal preference. All but one of my cars were new. The nice thing about the web, you can browse new and used cars available from your couch and only pick a handful to check out in person.

As stated above look for good financing and rebates and compare the OTD costs and make your decision that way.

BTW, what are you looking for?

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post #6 of 34 (permalink) Old 08-09-2012, 09:02 AM
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None of the above. Buy a 4-5 year old car with cash. Drive it for 5 years, and sell it for 1/3 what you got it for. And repeat. For me that averages about $50-75 a month for the time you own that vehicle. By far the cheapest way. Plus then you dont have to stress over each little nick and scratch. Even with 0% APR, you're are still taking a HUGE hit the second you drive off the lot. Cars are the absolute worst place to put your money. Put your money into appreciating assets and then buy the supercar/ house/ supermodel you always wanted in 10-15 years. Throwing $30,000-$60,000 into a car just for it to be worth almost nothing in 5-7 years is STUPID! Motorcycles are much more bang for the buck. To get a car even close to the fun of a bike you need to drop $100k.

Also buying a car private party is cheaper. And have it checked by a good mechanic and detuct the cost to repair from the price. The Taxes alone are significant enough not to go to a dealer. All the dealers buy private party (Trade in, or outright)or through an auction anyway. They might, and I emphasize might, fix a couple things on the car and charge an extra 40% for what they payed and what you could have payed.

Last edited by BlackBettyR1; 08-09-2012 at 09:15 AM.
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post #7 of 34 (permalink) Old 08-09-2012, 09:32 AM
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Lease and flip out of it every (2) years - I don't drive a lot of miles and think of a car like a bike, you'll never get out of it what you put it

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post #8 of 34 (permalink) Old 08-09-2012, 09:42 AM
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It depends, If you planning to have the car for more than 6-7 years go for a new one else go with a used one. If your concern is about the repairs go for pre-certified which come with 3 -5yr (depends) Bumper-to-bumper warranty from the date you purchase else go for a private party sale.
If you like driving a new car every 1-2 years, go for a Lease(I would not prefer this though)
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post #9 of 34 (permalink) Old 08-09-2012, 09:51 AM
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I've done them all. Personally these days I buy new. For my kids, used. Part of the issue for me is maintenance. The newer models just keep getting better. My 08 RDX has just under 80,000 on it. I've had to replace brake pads and fluids. I'm even on the original tires, but they are about done in. You just don't seem to get that out of a used car.

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post #10 of 34 (permalink) Old 08-09-2012, 10:16 AM Thread Starter
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Quote:
Originally Posted by gsd656 View Post
BTW, what are you looking for?
Not "really" looking hard but was toying with the idea. Visited a dealer to try out the new Mazda CX-5, down on power but crazy good on gas. But after poking around a bit I realized that many luxury sport sedans that are a few yrs old are the same price. Of course they suck on gas compared the CX-5 but they have largely depreciated already and have lots of toys.
Just tossing around the idea. My car has been paid off for a while and enjoy not having a payment but I have been driving this thing since new in 06 and wouldn't mind getting something different. Will see, not sure I want a car note as much as I want something new.

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post #11 of 34 (permalink) Old 08-09-2012, 10:18 AM
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Quote:
Originally Posted by blackbettyr1 View Post
none of the above. Buy a 4-5 year old car with cash. Drive it for 5 years, and sell it for 1/3 what you got it for. And repeat. For me that averages about $50-75 a month for the time you own that vehicle. By far the cheapest way. Plus then you dont have to stress over each little nick and scratch.
+100000
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post #12 of 34 (permalink) Old 08-09-2012, 10:44 AM
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The only way I'd buy a new car is if I win the lottery or if they remake the 1990-1996/9 Nissan 300ZX Twin Turbo.

Quote:
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I'll bet anyone on this board could be on Valnetino Rossi's Moto GP machine and Valentino could be riding on a big yellow fucking chicken and still ride better.
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post #13 of 34 (permalink) Old 08-09-2012, 12:08 PM
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I like buying them 1-2 MY old 10-15k miles. They look and act brand new, but someone else already took ~5-10k off for me. Sell them around 75-100k for 50-75% what I paid. Get to use a good vehicle without much chance of major breakdown for ~60k+ miles pretty cheaply compared to buying new. rinse and repeat.


that said right now interest rates are favorable on new cars and used cars are pretty high. So for the difference in interest rate you may be able to have a brand new one for the same or cheaper than 1-2 years old.

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post #14 of 34 (permalink) Old 08-09-2012, 07:53 PM
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[QUOTE=mac11;2063054]I like buying them 1-2 MY old 10-15k miles. They look and act brand new, but someone else already took ~5-10k off for me. Sell them around 75-100k for 50-75% what I paid. Get to use a good vehicle without much chance of major breakdown for ~60k+ miles pretty cheaply compared to buying new. rinse and repeat.


\\QUOTE]

I've had good luck with this too. Plus whats the difference between 0% and 3% on a 6-10k note? Not much
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post #15 of 34 (permalink) Old 08-09-2012, 07:58 PM
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Used. Period.

In my mind, there's no bigger no-brainer out there...unless you've just got money to burn.

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post #16 of 34 (permalink) Old 08-10-2012, 08:57 AM
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Quote:
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Used. Period.

In my mind, there's no bigger no-brainer out there...unless you've just got money to burn.
Its CLSB! We all drive platinum plated Bugattis and live in palaces and date only the finest women. And have pringle cans in our pants. Of course we have money to burn.
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post #17 of 34 (permalink) Old 08-10-2012, 10:24 AM

 
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I voted CPO...but personally like to lease.

I try not to own cars out of warranty. I personally prefer new cars, and like change every 2 years or so...so...it wouldn't make sense to buy new, and so that leaves CPO or leases.

Yes, I take the price "hit" for the "luxury" of driving a new or like new car...but I'm a car guy. Some people spend $300/month on cigarettes or at the bar...I spend that extra $300 that I don't spend on those things, on my car.

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post #18 of 34 (permalink) Old 08-10-2012, 10:28 AM

 
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Quote:
Originally Posted by under200 View Post
Not "really" looking hard but was toying with the idea. Visited a dealer to try out the new Mazda CX-5, down on power but crazy good on gas. But after poking around a bit I realized that many luxury sport sedans that are a few yrs old are the same price. Of course they suck on gas compared the CX-5 but they have largely depreciated already and have lots of toys.
Just tossing around the idea. My car has been paid off for a while and enjoy not having a payment but I have been driving this thing since new in 06 and wouldn't mind getting something different. Will see, not sure I want a car note as much as I want something new.
The CX-5 is nice...but WAY under power, and they're going for full price, or above sticker right now...so definitely not worth purchasing. (at least they were 1.5 months ago).

The fiance REALLY wanted one, had her mind set on it...until she drove it. She said it's so slow it's like driving backwards.

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post #19 of 34 (permalink) Old 08-10-2012, 10:44 AM Thread Starter
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Quote:
Originally Posted by PolishPete View Post
The fiance REALLY wanted one, had her mind set on it...until she drove it. She said it's so slow it's like driving backwards.
Haha... Yep, it is no race car but is fun to drive, like a Miata or a SV650. Mazda has always had that quirk, they spend tons on racing in many different classes but when they make a production car it handles great, is fun to drive but never the fastest. Have a corolla right now so I am use to not breaking any land speed records, lol. What boggles my mind is that the CX gets about the same mileage as my corolla. Pretty amazing.
I am a car guy but after riding bikes for 10yrs + I have come to the conclusion that if I want to go fast I hop on the bike. Anything short of a super car cannot touch an average bike that cost 10K.

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post #20 of 34 (permalink) Old 08-13-2012, 09:26 AM Thread Starter
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In the end I decided to take the hit. Hard to find a 3 yr old 2013 first year model.
Cannot believe the gas mileage this thing gets. Averaging 28.4 mpg city. That's better than what the epa estimate is but on par with what many forums are reporting with some getting 30mpg. O'well, welcome to payments again.
Attached Images
File Type: jpg cx5 a.jpg (71.6 KB, 26 views)
File Type: jpg cx5 c.jpg (71.2 KB, 25 views)
File Type: jpg cx5 d.jpg (65.5 KB, 23 views)
File Type: jpg cx5 b.jpg (56.1 KB, 13 views)

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Last edited by under200; 08-13-2012 at 10:59 AM.
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post #21 of 34 (permalink) Old 08-13-2012, 09:43 AM
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Nice! Now get a hitch on it and show it off at the next trackday

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post #22 of 34 (permalink) Old 08-13-2012, 09:55 AM
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Congrats!

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post #23 of 34 (permalink) Old 08-13-2012, 10:42 AM Thread Starter
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Quote:
Originally Posted by PatFitz9 View Post
Nice! Now get a hitch on it and show it off at the next trackday
Like I have money for track days now
Couple of accessories I want to get, hitch is on the list somewhere.

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post #24 of 34 (permalink) Old 08-13-2012, 10:50 AM
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I will never buy new again and short of a Euro delivery/pickup. There is so much low mileage inventory and the cost of extended warranties are becoming more reasonable.
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post #25 of 34 (permalink) Old 08-13-2012, 10:54 AM
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You forgot to block out front plate


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post #26 of 34 (permalink) Old 08-13-2012, 11:00 AM Thread Starter
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Quote:
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You forgot to block out front plate


Congrats
Thanks, that's what I get for doing it at work !
My multitasking skills are getting overloaded today.

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post #27 of 34 (permalink) Old 08-13-2012, 11:32 AM
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Congrats!!

thx for this thread. My car just recently got stolen so i've been in the market and contemplating this too. Anybody ever buy from auctions?
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post #28 of 34 (permalink) Old 08-13-2012, 12:34 PM
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I believe you should atleast buy a new car once in your life.


Otherwise, buying new is never an investment, unless you buy a car you know will be a museum piece. And you would never drive it in the first place.
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post #29 of 34 (permalink) Old 08-13-2012, 08:56 PM
pfft.
 
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I was happy with my old used beater pickup for a long time, but got a new car shortly before my daughter was born. I simply wanted the peace of mind that a new car with free scheduled maintenance offered, plus there was a great deal going on at the time.
I would buy a late model used car, though. In fact, that may be our next purchase because (1) my husband can do any of the tinkering with minimal effort and (2) you get more for your money. Air condintioned seats in Texas? Yes, please
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post #30 of 34 (permalink) Old 08-13-2012, 09:10 PM
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Quote:
Originally Posted by Kruz View Post
I will never buy new again and short of a Euro delivery/pickup. There is so much low mileage inventory and the cost of extended warranties are becoming more reasonable.
I'm looking at a super low mileage (3k) E90 ZCP right now. It looks brand new but is $10k cheaper.

The only car I've purchased untitled is my current MS6 and it was year-old stock with tons of rebates. Otherwise let someone else take the worst hit on deprecation.

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