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Originally Posted by Fotzlid
If you can make that car last 10 years, a new Hyundai should last you the rest of your life. Especially since they offer such a long term warrenty.
Those 0% rates are typically for 24 months or less. 60 month loans are around 5% for most dealers last time I looked.
Personally, I'd go with a new car over a used one.
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I'll swing an import if I can and I like to make things last for as long as possible.
I've been trying to compare apples to apples; it may not be the best car-selection method but I've been looking at the msrp price range at 60 months. Lots of companies have great rates up to 36 months, but that puts the monthly payment higher than I'm comfortable with. I have a short list of models with 0 or 0.9% over 60 months.
I can't get any hard ruling on the amount of depreciation and it is hard to put a realistic dollar value on warantee. I can put a dollar value of financing a $11k used car at 6.5% vs a $15k new car at 0%