Car Debate: Used v. New - Other Topics Forum - Discuss Pop Culture, Arts and Entertainment

Two Plus Two Forums 2+2 Communities Other Other Topics

Car Debate: Used v. New

Post Reply Subscribe

...

08-18-2009 , 11:02 PM

King_S

old hand

Join Date: Jun 2006 Posts: 1,199

Hey Guys & Ladies,

I'm a 23 year old looking to spend $500 a month (with insurance) on a certified/new car.

I'd like to stand on the shoulders of elder (lol) OOTers to see what they've done, learned from, etc.

Seems to me that buying a certified used car is a better idea than new due to immediate depreciation when leaving the lot.

Thanks,

Quote

08-18-2009 , 11:04 PM

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,535

New is for suckers.

NEXT!

Quote

08-18-2009 , 11:05 PM

pokergrader

Carpal \'Tunnel

Join Date: Apr 2005 Posts: 9,757

Do you currently own a clunker?

Quote

08-18-2009 , 11:06 PM

Weatherhead03

veteran

Join Date: Mar 2005 Posts: 2,805

Buy a 1 or 2 year old vehicle and have to best of both worlds.. dont think its even close really.

Quote

08-18-2009 , 11:09 PM

King_S

old hand

Join Date: Jun 2006 Posts: 1,199

Quote:

Originally Posted by Weatherhead03

Buy a 1 or 2 year old vehicle and have to best of both worlds.. dont think its even close really.

got any recos?

I like suv's but dont think i can afford one. i'm willing to spend up to 15k.

is autotrader the best place to find a certified car?

Quote

08-18-2009 , 11:09 PM

cbax9888

old hand

Join Date: Mar 2008 Posts: 1,595

Make sure you get a carfax on whatever you do

Quote

08-18-2009 , 11:10 PM

King_S

old hand

Join Date: Jun 2006 Posts: 1,199

Quote:

Originally Posted by pokergrader

Do you currently own a clunker?

I own squa-doosh

Quote

08-18-2009 , 11:10 PM

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,535

cbax, did you do you thing last weekend?

Quote

08-18-2009 , 11:11 PM

ChipsAhoya

2011 $10k Stud8 Champion

Join Date: Oct 2004 Posts: 6,890

My fiancee and I got a great deal on a 2008 hyundai santa fe limited. You can probably get the basic models for around 15.

-ChipsAhoya

Quote

08-18-2009 , 11:17 PM

#10

cbax9888

old hand

Join Date: Mar 2008 Posts: 1,595

Quote:

Originally Posted by 27offsuit

cbax, did you do you thing last weekend?

Ya i completed it in 16 min

Quote

08-18-2009 , 11:18 PM

#11

guids

banned

Join Date: Oct 2005 Posts: 16,996

1 to 3 years old imo, thats what I did in 2005, for a 2003 car w/ 25k mi, got it for 8 or 9 below kelly blue book off ebay, havent had any troubles with it. Dont get too hung up on certified if you can get a good deal, just make sure you have a car fax, low miles, and a mechanic check it out. DO NOT get an aftermarket warranty, but a lot of cars (like mine) will have 20 to 30k miles/2 to 3 years left on the factory warranty (fwiw had 3 years 30k left when I bought mine)

Quote

08-18-2009 , 11:19 PM

#12

sledghammer

Pooh-Bah

Join Date: Mar 2005 Posts: 5,120

For 500 a month you should be able to afford a lot more than 15k. How's your credit?

Quote

08-18-2009 , 11:20 PM

#13

guids

banned

Join Date: Oct 2005 Posts: 16,996

Quote:

Originally Posted by sledghammer

For 500 a month you should be able to afford a lot more than 15k. How's your credit?

he said w/ insurance

FWIW OP, I had mediocre credit, parents co-signed @ 4.6% for a used car (which is decent for a used car) and financed 19k for 372/mo.

Since you arent 25, I would also reccomend buying a 500$ clunker and getting it plated and claiming this as your daily driver, your insurance will drop 500$ at least, and for two years.

Quote

08-18-2009 , 11:20 PM

#14

King_S

old hand

Join Date: Jun 2006 Posts: 1,199

Quote:

Originally Posted by sledghammer

For 500 a month you should be able to afford a lot more than 15k. How's your credit?

never had a credit card, always paid verizon FIOS and att, but it's probably terrible since no credit is bad credit.

my parents will sign though for me

Quote

08-18-2009 , 11:22 PM

#15

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,535

Quote:

Originally Posted by cbax9888

Ya i completed it in 16 min

what did you have to do it, 30 min?

sounds like a cakewalk

Quote

08-18-2009 , 11:23 PM

#16

K.O.S.

Carpal \'Tunnel

Join Date: May 2007 Posts: 20,798

People who buy new cars are filthy rich and/or life fish imo.

Quote

08-18-2009 , 11:25 PM

#17

cbax9888

old hand

Join Date: Mar 2008 Posts: 1,595

Quote:

Originally Posted by 27offsuit

what did you have to do it, 30 min?

sounds like a cakewalk

had 20 min

Quote

08-18-2009 , 11:26 PM

#18

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,535

nice job then

Quote

Post Reply Subscribe

...