So for GM cars, they have a standard 3 year or 36,000 mile warranty. People would trade in their cars when the warranty expires. They’re might not be anything wrong with it, but they have the income to buy another new car and don’t want to deal with out of warranty repairs.
I’ve bought at least a couple of 1-2 year old cars before.
In the 2 I can remember off the top of my head the only thing wrong with either of them was higher than average miles… Everything else basically felt like a brand new car for significantly cheaper.
Although, the last time I did that was 20 years ago when I bought a 2 year old pickup truck for way less than a new one would’ve been.
These days it would make more sense to go new since the pricing on used vehicles that are still that new is so close in comparison to the new vehicle, particularly since you can often get lower rate financing and other incentives when purchasing new that you don’t get on used.
This is something I ask frequently. Who’s buying 2 or 3 year old used cars? If the previous owner didn’t like them after 2 years why will you?
The 10 year old used cars for $3000 total is where it’s at.
So for GM cars, they have a standard 3 year or 36,000 mile warranty. People would trade in their cars when the warranty expires. They’re might not be anything wrong with it, but they have the income to buy another new car and don’t want to deal with out of warranty repairs.
I’ve bought at least a couple of 1-2 year old cars before.
In the 2 I can remember off the top of my head the only thing wrong with either of them was higher than average miles… Everything else basically felt like a brand new car for significantly cheaper.
Although, the last time I did that was 20 years ago when I bought a 2 year old pickup truck for way less than a new one would’ve been.
These days it would make more sense to go new since the pricing on used vehicles that are still that new is so close in comparison to the new vehicle, particularly since you can often get lower rate financing and other incentives when purchasing new that you don’t get on used.
Tons of those 2-3 year used cars were a lease. It’s possible to find great deals with them.