Quote:
Originally Posted by malter2.0
Paying anything more than $52k for ANY used, ANY mileage M3 is not worthwhile because new car is $8k more. If you are already shelling out $50k on a car of this caliber than it is worth buying new. For those $8k you get to be the first owner, with color and options of your choice, 0 milege car, known history.
The only way it makes sense to buy used is if you are shopping for ’08-10, mid to high mileage cars where cars have depreciated relatively more.
|
disagree, if there's a lightly used 2013 out there for $8k less than a new car (and it has less than say 8k miles)and it has everything you want, why would you buy a new car and eat the $8k depreciation in 6 months?
You should buy the used one, the preowned in this case is literally a comparable car to the new car. This is also why the absolute worst financial decision to make in car buying is to buy a new car and sell it in less than a year.
In fact, the logic should be reversed. If you're spending over $50k on a car, you should STRONGLY consider preowned, as the initial depreciation is signficantly higher than a $30k Acura, and the depreciation dollar amount every year likely will continue to be higher than that Acura throughout it's life.
If you don't believe me price it out. A 2008 M3 with about 50k miles sells for say $38k. It lost about $30k in its life already, or 44%. A 2008 Acura TL is about $18k, it lost $12k over its life, or 40%. Percentage may or may not matter on a comparative scale, but fuck you lost $30k on the M3 on an absolute scale! I'd rather start with 10 cents and loose 9 cents, then start with $10 and loose $1, when the asset is depreciating and will be disposed, as there's minimum stored value in cars. At the end of it's life, ALL cars are worth between $500-$1000 to a junkyard.