XPost: alt.autos.toyota.camry, alt.autos.toyota, alt.autos.lexus
XPost: rec.autos.tech
On Thu, 28 Jan 2010 05:38:12 -0500, "Elmo P. Shagnasty"
wrote:
>In article <4b60e744$0$22820$ce5e7886@news-radius.ptd.net>,
> "Mike Hunter" wrote:
>
>> No, not if that's all one can afford, but why would anyone want something
>> that the previous owner(s) no longer wanted, if one could afford a new
>> vehicle?
>
>Because one chooses not to spend his money on something that is
>fundamentally priced and valued way, way differently in the market than
>is a washer and dryer?
>
>Because there's this huge depreciation hit one takes on driving a new
>car off the lot, at which point the TRUE value of the car becomes
>apparent?
>
>Some people like chocolate, some don't. Some people like to spend their
>money on that depreciation hit, some don't.
>
>Used cars aren't necessarily something the previous owner no longer
>wanted; many of them are repos, cars that idiots couldn't afford. They
>wanted to show off the lifestyle but couldn't afford to keep it up.
>
>I'd rather put my money into Hawaii vacations than into "look at me, I
>got myself a new car!"
And I'd rather buy a used car that was owned by someone who trades
every few years for vanity's sake (and takes care of it) than a repo
from someone who couldnt afford to take care of even the basics.
Just my bias.
I buy 5 year old cars for roughly 1/4 price (or less) and drive them
another 10 or more years. If I get 10 years out of them, my
depreciation coat is $500 per year, assuming I have to throw the car
away when I'm done.
Last $5500 car (was $35000 when it left the lot new) was still worth
$1700 when I sold it 12 years later (at 18 years of age)
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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