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Topic Re: Definitely consider Kia.. |
Used cars and depreciation - NBC Charlie (Sacramento CA) - Monday, 22 August, 2011, at 8:26:18 pm |
It has been a couple of months ago but I looked at new MINI S coupes priced around $24K.... MarcW - Tuesday, 23 August, 2011, at 2:07:56 pm |
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Charlie (Sacramento CA)
This is kind of a philosophical question. I want to buy a practical used car for my wife in the next 6 months, I have no idea what except that I'd like to spend around $25k.
$25k (or higher) for a used car is a lot of money. Usually only enthusiasts or financially shrewd people consider such a thing, hence the high "drive it off the lot" penalty the market imposes. So how good can good get? It got me thinking that there are a couple opposite approaches, assuming that “practical” is the major consideration as opposed to wanting a specific make/model.
Assume exactly the same purchase price for:
1. A car the market loves, with a high resale value and good reliability. This could either be a late model of a cheap car, or an older midrange car.
2. A car the market hates, with terrible depreciation and spotty reliability. But you get much higher end car for the same price, even budgeting for additional (and regular) repairs.
Interesting topic? Any practical experiences?
Re: Used cars and depreciation - NBC paulwdenton - Tuesday, 23 August, 2011, at 9:33:47 pm |
Re: Used cars and depreciation - NBC Petee_C - Wednesday, 24 August, 2011, at 9:29:39 am |
Definitely consider Kia.. scott in socal - Wednesday, 24 August, 2011, at 7:01:51 pm |
Re: Definitely consider Kia.. Petee_C - Thursday, 25 August, 2011, at 12:17:44 am |
Re: Used cars and depreciation - NBC old timer - Wednesday, 24 August, 2011, at 9:49:22 am |
I often consider the high depreciation carsif and only if.. grant - Wednesday, 24 August, 2011, at 5:08:30 pm |
Re: Used cars and depreciation - NBC Charlie (Sacramento CA) - Wednesday, 24 August, 2011, at 9:21:50 pm |
Re: Used cars and depreciation - NBC Guenter in Ontario - Wednesday, 24 August, 2011, at 10:46:06 pm |
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Charlie (Sacramento CA)
I enjoyed reading the responses on this topic. For the me the brand-new option isn't too appealing unless it is something special. If it is more like a Camry, I'd rather get a used Lexus for example.
A couple cars that interest me, strong "#2" options - the Mercedes R class, and the Volvo V70R. The market seems to hate these cars, and I have a fondness for them. I should just get a Honda Odyssey, and maybe I will, but it is interesting to see what class of car you can get for the same money.
Same excellent program in the States! *NM* Gary in SoFL - Thursday, 25 August, 2011, at 2:01:04 pm |
I know that is a great option, wish I had time for a vacation! *NM* Charlie (Sacramento CA) - Friday, 26 August, 2011, at 12:57:12 am |
Re: Used cars and depreciation - NBC mikefocke, '01S Sanford, NC - Thursday, 25 August, 2011, at 10:06:01 am |
Re: Used cars and depreciation - NBC patrick - Wednesday, 24 August, 2011, at 10:33:20 pm |
You can get a very nice Boxster for 25K, problem solved! Tnert - Wednesday, 24 August, 2011, at 11:16:44 pm |
Re: You can get a very nice Boxster for 25K, problem solved! mikefocke, '01S Sanford, NC - Thursday, 25 August, 2011, at 10:02:28 am |
Re: You can get a very nice Boxster for 25K, problem solved! Charlie (Sacramento CA) - Friday, 26 August, 2011, at 1:04:19 am |
With a 2 year old car mikefocke, '01S Sanford, NC - Friday, 26 August, 2011, at 7:04:34 am |
Found a handy depreciation table for anyone interested Charlie (Sacramento CA) - Saturday, 27 August, 2011, at 11:52:22 pm |
Relative rankings but no way to tell mikefocke, '01S Sanford, NC - Sunday, 28 August, 2011, at 2:01:20 pm |