Whilst very much agree with general principles of buying doodads and expensive cars on the other hand we only buy new cars.
Number of reasons:
1. we negotiate very hard to get best deal. Last car, we drove ALL over Brisbane for two whole days to get best deal - saved about $7k and got driveaway pricing on a $40 people mover.
2. we have a child and consider generally increased safety of newer cars
3. we tend to keep cars for 10+ years therefore minimising total depreciation compared to buying 2-3 yr old car and keeping for 3 years
4. we have full history so take care of it to get full warrenty (5 years). Rather than buying 2nd hand history and perhaps 1 yr warrenty if lucky.
5. Tend to buy run-outs and at end of month to maximise discounts.
5. we have minimal price difference between new and good 1-2 yr old from dealerships.
We know about massive depreciation in first year but above outweighs in our opinion. Also we tend to buy just what we need, no SUV, no sports, no bigger or fancier than necessary.
Ian
Number of reasons:
1. we negotiate very hard to get best deal. Last car, we drove ALL over Brisbane for two whole days to get best deal - saved about $7k and got driveaway pricing on a $40 people mover.
2. we have a child and consider generally increased safety of newer cars
3. we tend to keep cars for 10+ years therefore minimising total depreciation compared to buying 2-3 yr old car and keeping for 3 years
4. we have full history so take care of it to get full warrenty (5 years). Rather than buying 2nd hand history and perhaps 1 yr warrenty if lucky.
5. Tend to buy run-outs and at end of month to maximise discounts.
5. we have minimal price difference between new and good 1-2 yr old from dealerships.
We know about massive depreciation in first year but above outweighs in our opinion. Also we tend to buy just what we need, no SUV, no sports, no bigger or fancier than necessary.
Ian