C
Carl 1 Lucky Texan
aztek said:I agree that is very possible - isn't it a little pessimistic,
though ?
I've had much better luck than that with many of my used cars,
and I wouldn't consider the luck I've had to be an example of
"great"... that is, I've definitely had my share of problems, and
probably more than my share - even so, I wouldn't characterize
things that negatively...
Fair enough - you're talking about the opportunity cost. I understand
how that works, but the reality doesn't seem that simple. I agree
that
the worst-case scenario definitely shines favorably on buying new,
but reality lies somewhere between worst-case and best-case, typically
at a point difficult to discern, which is why I'm asking for opinions.
Good point - thanks for pointing that out...
That would pay off only if the money you have to
put into it ends up being less than the sum of a
more expensive car (presumably in better shape)
and the money you'd have to put into _it_ to get
to an equivalent state of "wellness". This is really
at the core of the insight I'm requesting - where is
the point at which I am likely to pass from the
"bought-for-X-amount-and-spent-Y-on-repairs"
being reasonable to it being unreasonable. I don't
think its trivial to make generalizations about it...
I have had many used and 4 new cars. There are advantages both ways.
BUT, you never really have a 'new' car do you? The dealer does, but
yours is used the instant you take delivery. It depreciates by thousands
instantly. AND you may very well be shelling out 300-400 dollars each
and every month for 5 years even though it is running perfectly. Even a
1200 dollar repair once a year is cheaper than that!
Carl