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April 16, 2012
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Rule are made to be broken.
Personally I have been looking for a car for my teenage son and I am surprized at what the cost of used cars are. People and dealers are wanting exhorbitant prices which tilt in favor of buying.Until the economy turns around and the demand for used drops I don't see this changing soon.
I am not willing to pay $12k for a 4 year old car with 80k mile on it when I can buy a brand new comparable car for $17k and zero miles on it. ( I am talking Saturn Astra to the Chevy Sonic)
The $1250 in depreciation per year is worth the piece of mind over the 4 years, under warranty and you know how the car was driven.
Posted by: Matt | April 16, 2012 at 10:56 AM