Quote:
|
Originally Posted by schlitzie
Having just had a seriously expensive lesson here I am left wondering why anyone would buy brand new when you can get such ridiculous deals on just slightly used. There was always the initial depreciation hit that new buyers get, but drops like this obligate you to either lease (if leasing is even an option or financially viable), or buy used. Losing 50% of the value in a year on a new car is a fools game. I just can't see how dealerships/manufacturers will stay in business (ignoring bail-outs!) if the situation doesn't change.
|
I don't disagree with you, based on current conditions. But, heretofore,
buying new made some sense for long time holders of that new car,
(like me), and leasing made sense for people that could write some
of the monthly cost off, or simply choose not tie up dough combined
with wanting a new ride every few years. The dep hit has alwasy been
around on nearly all brands...it is just more dramatic now and further
impacted by a very, very soft and illiquid mkt with little credit available.
Used ain't bad, (though I haven't bought used since I was a kid/young
man back in the '60s), but good cream puff used cars, esp coming off
lease, (if not neglected), are screaming deals for those that need a new
ride and have the $20-$50gs for a new to them, car.
GL,mD