Have you ever special ordered a new vehicle?

[B1Toad]

I sure don't mean to put down anyone who is a regular car loan type, I mean that's pretty common and it works great for many folks, and with some of the low interest rates over the years it even makes sense for some. When I was raising a family I couldn't always afford to pay cash for a decent ride and I did have to finance a few, and at high rates. Fortunately I had some good mentors in my 30s & 40s and worked my way up.

I grew up dirt poor and when you start out that way you tend to find cheap ways to get by even as your income level improves, that fear of being broke never entirely goes away.

 

[lBasket]

I totally agree and I've bought used all my life for that reason and as a result have literally saved thousands upon thousands of dollars and am now to the point where I'm in a position that I can easily afford to buy new. I also saved thousands by not taking loans and by keeping vehicles for a long, long time. In fact I often get kidded about keeping my old vehicles for so long but the some of the ones who like to kid me are just about living paycheck to paycheck even in middle age. It works for some and I'm not knocking it but it's never been for me, I'm a saver.

There are a lot of people out there who start looking for a new vehicle as soon as they make their last payment on their present one. That's fine for them and it probably helps keep the economy moving along, and they generally never have to worry about repairs but I was always happy buying their old one. This is new territory for me.

Besides, somebody has to buy the new ones or the economy will crash.

Dave Ramsey is that you?

 

[bucky]

I agree you can save some serious coin by buying used. But it can be a gamble. I sold my Wife’s 19 Hyundai in 22 to Auto Nation. The car was in pristine condition with 60K. The only problem with it was that it lost oil intermittently. Sometimes it lost a quart in one tank of gas sometimes it took a month. Ended up having to check the oil almost daily. The dealer said they could find no problem and the CarFax stayed clean.
In the last 30 years I’ve only bought 2 used vehicles, my 05 TJRU in 22 and a 95 F-350 in 97. Everyones situation is different. Buying new works for me because I can get what I want such as options, color, etc. I keep my vehicles for over a decade and only get rid of them when they die then they go to scrap or the High School auto shop. The cost of depreciation is mitigated by paying cash to avoid interest and longevity of ownership.
When I bought the Hyundai and was doing the paperwork the guy next to us was trading in his fairly new car because he “Just didn’t like it”. The problem was he was way upside down with it and he had a shit credit ratting. He rolled everything into a new high interest loan with a low down payment. Don’t be that guy.

 

[jeepguy03]

I agree you can save some serious coin by buying used. But it can be a gamble. I sold my Wife’s 19 Hyundai in 22 to Auto Nation. The car was in pristine condition with 60K. The only problem with it was that it lost oil intermittently. Sometimes it lost a quart in one tank of gas sometimes it took a month. Ended up having to check the oil almost daily. The dealer said they could find no problem and the CarFax stayed clean.
In the last 30 years I’ve only bought 2 used vehicles, my 05 TJRU in 22 and a 95 F-350 in 97. Everyones situation is different. Buying new works for me because I can get what I want such as options, color, etc. I keep my vehicles for over a decade and only get rid of them when they die then they go to scrap or the High School auto shop. The cost of depreciation is mitigated by paying cash to avoid interest and longevity of ownership.
When I bought the Hyundai and was doing the paperwork the guy next to us was trading in his fairly new car because he “Just didn’t like it”. The problem was he was way upside down with it and he had a shit credit ratting. He rolled everything into a new high interest loan with a low down payment. Don’t be that guy.

Yeah plenty of people rolling loans on vehicles they already can't afford into new vehicle loans. I live in the rust belt, where vehicles that are daily driven in the salt have a limited lifespan. Undercoating with fluid film delays the rust, but it will still be what most likely kills the vehicle. This means that cars depreciate even faster if bought new, so finding a clean used one from out of state tends to make the most sense.

 

[bucky]

Yeah plenty of people rolling loans on vehicles they already can't afford into new vehicle loans. I live in the rust belt, where vehicles that are daily driven in the salt have a limited lifespan. Undercoating with fluid film delays the rust, but it will still be what most likely kills the vehicle. This means that cars depreciate even faster if bought new, so finding a clean used one from out of state tends to make the most sense.

I moved from the Wisconsin rust to the dry California climate in 79. Vehicles wear out or crash out here unless you’re along the beach. Easier to wrench without the rust. I take it for granted that vehicles will last decades.