I’ve been looking to replace my car this year. The used cars I’m looking at (2-3 years old) are almost as expensive as the new cars. Maybe I will save $5000-7000 on it. So why buy a used car with dubious history?
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.
Ever since covid it’s made sense most of the time to buy brand new for exactly the reason you state. I sure wouldn’t buy a 2-3 year old car to save 10%. If someone treated it poorly it may require expensive repairs or not last as long.
I’ve been looking to replace my car this year. The used cars I’m looking at (2-3 years old) are almost as expensive as the new cars. Maybe I will save $5000-7000 on it. So why buy a used car with dubious history?
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.
Ever since covid it’s made sense most of the time to buy brand new for exactly the reason you state. I sure wouldn’t buy a 2-3 year old car to save 10%. If someone treated it poorly it may require expensive repairs or not last as long.