Thread: New or Used?
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Old 03-26-2008, 11:53 AM   #7 (permalink)
Daemon1313
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It's really a personal preference thing. The main points have already been hit on. In particular, I agree with QuasiMondo. As long as you keep a new car for a reasonable amount of time, the initial depreciation is not a major factor. Some cars are worse than others though so look into how much the car depreciates before you buy. For example, in the first year a 2008 Hybrid GMC Yukon for example loses around $20k in value vs a 2008 Lexus RX 400h which loses around $7k.

As far as CPO goes, it really dosn't make the car any better. Typically they undergo the exact same inspection and "reconditioning" as a non-CPO car. The benefit of a good CPO is the dealer stands behind the car more with an extended warranty and sometimes other benefits. CPO costs more than used though.

Personally I only buy cars new. The better financing, better selection and security knowing what has been done to the car out weighs the other issues for me.
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