I assume new cars lose a **** load of their value their first 2-3 years in USA#1 as well? If so, buying a brand new car seems...really stupid unless you want to spend a metric ton of cash on dat new car feeling.

Yeah dealers don't want to hear about cash really. There are some ridiculous deals on financing and if you decide to go new that is certainly worth thinking about.

Jaguar will give you 0% APR for 36 months. Mazda and VW also have 0% financing and it sounds like you would qualify. Buying new is probably only a very small mistake if you can get 0% for 60 months. Go big!

Someone else would know more about the depreciation. What I see on Autotrader isn't anything crazy, but those are dealers, I'm sure they'd rape on trade in, and it's not like you see people privately selling 1 year old cars very often, so I just don't know.

The used car market is the classic example that economists use to describe asymmetric information and adverse selection. Basically the idea is that because of the uncertainty of quality buyers are only willing to spend a certain amount on cars this drives out all the sellers of high quality used autos which leaves only the lowest quality used cars on the market.

Solutions to this include screening (129 point check) and signaling (extending warranties).

Do you mean quality like lemon vs well-running or quality like Kia vs Ferrari? I remember reading something about that in Freakonomics but it seems to conflict with what I see on Autotrader which is one year old cars with one to five thousand miles on them for around 10% less than MSRP.

So I'm on like day 9 of round two of my chest/sinus/flu/HIV debacle and getting pissed. Yesterday and today I tried capsicum nasal spray. Now I'm pissed and can't stop crying. What sadistic ******* decided this was a good idea to market?

/whining

Back to car talk with Tom and Ray

Buying new has certain advantages like warrantees and service agreements. When I bought new a lot of used cars were off the market due to the ridiculous cash for clunkers program (lol government). Buying new became a no brainer for me.

There is also something to be said about just having something nice and new.

But obv ymmv.

Also lol @ straight cash homey.

Sounds like a new kar is a better deal in USA#1 than in Broway. They depreciate like crazy here.

I like to buy new and drive it til it's dead. I've had major problems with used cars - essentially buying someone else's problem. My current ride I bought used. It was from a chain smoking old lady who rarely drove, it had 13k miles on it but reeked of cigarette smoke and she was getting hosed by dealer trade in offers. I dgaf about the smell so I bought the truck. Win/win. I'll buy a new one when I give this one to my daughter in 8 years when she turns 16, unless I Yugo/aiott it obv.

CPO will have all of that included, too, you get the remainder of the warranty.

Something people neglect is that new cars are always more efficient than used cars. For example the 300C that I lurve debuted in 2011 with a 5 speed transmission. The next year it came equipped with an 8 speed that increased MPG by about 15% and acceleration by a tangible amount. If you drive a lot that can have a real impact on cost of ownership.

Cars really, really are fascinating. Every year cars get faster, heavier, more fuel efficient, and they trend toward less expensive(obv the last decade things have been a little crazy)
Seriously any two of that combo is impressive but all four is just amazing. They've gotten so good at getting engines to work on as little fuel as possible.

Oh and they pollute less, too.

I mean lemon v well running. The individual w ownership has more knowledge about the condition of the car then the individual looking to buy see vvvv

Buyers must factor the possibility of ending up with a lemon into their offer price meaning they'll offer less, which in turn makes some of the sellers of high quality cars leave the market putting further downward pressure on the buyers offer price essentially creating a "race to the bottom" and this is why the price of cars depreciate so rapidly as soon as that asymmitry of information is introduced.

Like I said there are strategies to mitigate (warranties/inspections) but it doesn't eliminate the effect completely.

Gym has a free t-shirt for the holiday promotion... seriously considering getting/wearing the ladies black and pink "if you still look cute after you work out you aren't working out hard enough"?

If you do get it in a size that will show off your midriff.

Yes, this is what I plan to ask myself when test driving. It's hard to ask myself that just looking at fact sheets.

Yeah, I'm going to seriously consider CPO if the car I want was also good 1-2 years ago too.

Yeah, I mean, given my line of research I have to go to a Subaru dealership and test drive basically all of their cars, lol. It will be interesting - there's a good chance one of them will just feel way better to me than the others and then, bam, I can ignore the other models.

Fwiw I think the WRX looks the coolest (prolly would get 5-door) but Legacy and Impreza exterior looks fine to me and are an even better value.

I don't love the idea of buying used, used. I'm going to go CPO or brand new most likely.

It seems weird to me cars wouldn't prefer cash. But, I mean, whatever, I am fairly liquid atm (waiting to get married to then put my $$ with my fiancee's advisor who then won't charge me transaction fees ftw) so I can easily put whatever % down. I assumed I could get another 1k off or something if not financing...but I mean, whatever.

You spray it in your nostrils, not in your eyes. It makes my nose run like a faucet. I get good results from mucinex. Lately though, when I feel congested/scratchy throat, I up my vitamin C and take echinacea, it works well so far, or it's just variance.

I've never been able to get a seti pot, or whatever they're called, to work. I don't think my sinuses allow for it to run in one, and out the other.

In May, I had bronchitis for the entire month. It started May 1, and I didn't stop coughing until June 1. I hope you get over this soon, cause extended colds are the nut worst.

fiancee's advisor? You marrying into money bro? livin' the life.

Dealers make money by acting as loan brokers. They aren't using their own money to finance, they're making a commission off of "selling" your loan to a finance company. Dealers will be willing to make less money on the sale if they're looking at a nice profit off the financing.


This is true unless you have ultra-crappy credit. Then the dealers may actually have to pay someone to take your loan and thus will need to make even more off the sale to compansate.

Miss Universe is also Miss Rhode Island, hailing from nearby Cranston. She attends my alma mater. So I think I have a shot.

dumanddumber.jpg

Lol, not really - neither of us are close to broke and neither are our parents, but no one is wealthy or just sitting on trust fund $$ for us when they die (my grandfather was but he spent it all, oops).

Her dad used to work for Ameriprise, and because of that she has an adviser from there who doesn't charge commissions on any transactions. She does charge some fee to manage your portfolio actively though.

From what I know about investing, the commissions really take away a lot of value long term unless you're really an expert and trying to beat the market. Otherwise, investing in indexes and stuff + lowest fees is probably your most +EV move.

Having said all this, I've had the bulk of my wealth just sitting not invested. Which maybe is the worst possible move. But at this point I'm going to wait a few more months and work with our financial adviser (I've met her and she is a fine fit)

My credit score has always been about as high as one can get it so this shouldn't be an issue.

If this is the case, maybe there is a way to get an optimal deal by taking a dumb financing deal, but then just pay the car off in a few months after they dump it off on the eager finance company. Win-win-lose imo .

DWarrior should fly/drive out and then it's time to go to work boys!

meh, I tell my folks spend every last cent.

Not that anyone cares, but my list atm after doing a bit more research is:

Luxry:
Infiniti g37
Acura TL
Lexus IS 250
Volvo S60 T5
Audi A4

Non-Luxury:
Subaru Legacy
Subaru Impreza
Chrysler 300 (although I've always looooved they way these look and I normally never notice cars)

I realized the Impreza WRX is only manual transmission. So, that's not going to happen. Cha was right when he said I should be careful paying attention to what I'm actually clicking when researching.

me too. white people they, get money don't spend it.

Dude hired private planes at one point to drop a bunch of clothes on a group of grazing cows ffs. He bought a busto bridge and insured it for many years.

He would randomly charter some sort of small plane to fly out to Vegas on a weekend and get piss-ass drunk and ****.

The list goes on and on imo. At no point did he ever think "hey, that's a lot of money, let's just set aside 1/3 of it and then my kids and their kids won't have to worry about money as long as they aren't stupid and have jobs."

And he died when I was a kid so I never got to enjoy any of that ****, lol.