truthgetsbusy
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- Aug 22, 2007
cop 3 Saturns and a pair of South Beach Lebrons
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Also with 20k why not just get a new car?
That's a sucker move. The "well at least I know I put every mile in this car" feeling wears out real quick. Let someone else take the depreciation hit, plus it's hard to get a deal on a "new" car.
Also with 20k why not just get a new car?
That's a sucker move. The "well at least I know I put every mile in this car" feeling wears out real quick. Let someone else take the depreciation hit, plus it's hard to get a deal on a "new" car.
Originally Posted by daantimpire
i would get a 2007 corvette
or a 2006 bmw 645i
Originally Posted by daantimpire
i would get a 2007 corvette
or a 2006 bmw 645i
How so? If the car originally sold for $30K and it's now worth $20 someone else just took a $10K depreciation for you. If you buy a $20K, it'll likely be worth $10K when you're done with it. Historically, a new car averages a 50-60% depreciation if the first 5 years. Luxury cars are even worse because everyone wants because everyone wants the maintenance warranty that's covered in the first 5 years. Considering that they hardly have any major repairs that are needed during that timeline, you're basically paying a premium for nothing.Originally Posted by devildog1776
20Gs on a used car is sooo @+% backwards
How so? If the car originally sold for $30K and it's now worth $20 someone else just took a $10K depreciation for you. If you buy a $20K, it'll likely be worth $10K when you're done with it. Historically, a new car averages a 50-60% depreciation if the first 5 years. Luxury cars are even worse because everyone wants because everyone wants the maintenance warranty that's covered in the first 5 years. Considering that they hardly have any major repairs that are needed during that timeline, you're basically paying a premium for nothing.Originally Posted by devildog1776
20Gs on a used car is sooo @+% backwards
yepOriginally Posted by crcballer55
Originally Posted by saint lt
with 20k you might as well just get a new car bud.
Why? It'll be worth $18K the minute you drive it off the lot. He is far better off getting a 2-3 year old car and letting someone else eat the majority of the depreciation.
yepOriginally Posted by crcballer55
Originally Posted by saint lt
with 20k you might as well just get a new car bud.
Why? It'll be worth $18K the minute you drive it off the lot. He is far better off getting a 2-3 year old car and letting someone else eat the majority of the depreciation.
i personally would take this route but in a american muscle twist....get a g body or f body, and load it with pro-touring equipment & a monstrous crate engine.Originally Posted by 2o6
get a 90 civic and spend the rest on jdm parts and accessories.
i personally would take this route but in a american muscle twist....get a g body or f body, and load it with pro-touring equipment & a monstrous crate engine.Originally Posted by 2o6
get a 90 civic and spend the rest on jdm parts and accessories.