buying cars

Re: buying cars

Good point about the long term problem, but what if you sell it much earlier? I mean I love my current car but I am selling it so that I can get a newer model, different brand etc.

More importantly, I never buy 'zero mile new' because of the depreciation loss. I brought my current car back in 04 with 6,000 miles on it, but at a price 27% below the new model. I brought it in August of 2004 and made out like a bandit with full warranty and a scheduled service plan (another feature that the Jap cars lack).

So this time around, I am doing the same thing. My parameters are:

  • European Manufacture
  • Less than 10K miles
  • At least 20% knocked off the 'new' price
  • 2006-2007 model

So I pretty much avoid any and all long term problems. Even American made cars can do up to 50,000 miles without a hitch. Besides, I keep the car well serviced and in top shape, so they look like new, when I sell. My strategy is not exactly original but it is guaranteed to work, unless you're driving a pinto or something.