In a lot of cases you can get a much better interest rate on a loan if you’re buying new, not to mention full warranty term.
In Australia id be lucky to get a 10yo Hilux for what Id pay for one of the brand new Chinese pickups, Id get about 5% better interest rate and a full 5 year warranty. Given that I can do some leasing stuff through work, I also cant lease a 10yo vehicle.
Nothing wrong with wanting a new car but not wanting to spend a lot of money on it. If I were in the market for a new car for commuting, this probably would have been it tbh. Don’t have to worry about what the prior owner did and new warranty, and I can get it with the features/add ons that I want. Also, having a cheap car available for purchase new today means that there’s a cheaper used car available tomorrow.
To be fair, if you’re worried about spending a lot of money, maybe you shouldn’t be buying a brand new car.
Lmao I don’t get why you’re being downvoted. All my cars were used.
If you really want a new car, buy one thats 1-3 years old. They’re practically brand new but cost 10-30k less than new…
Because some people have to buy new cars for the used car market to exist. If the prices of new cars get too high, how will we get cheaper used cars?
In a lot of cases you can get a much better interest rate on a loan if you’re buying new, not to mention full warranty term.
In Australia id be lucky to get a 10yo Hilux for what Id pay for one of the brand new Chinese pickups, Id get about 5% better interest rate and a full 5 year warranty. Given that I can do some leasing stuff through work, I also cant lease a 10yo vehicle.
Nothing wrong with wanting a new car but not wanting to spend a lot of money on it. If I were in the market for a new car for commuting, this probably would have been it tbh. Don’t have to worry about what the prior owner did and new warranty, and I can get it with the features/add ons that I want. Also, having a cheap car available for purchase new today means that there’s a cheaper used car available tomorrow.