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Originally Posted by DaX
I'll never ever ever buy a new car. The newest I'll even consider is at least 5 years old.
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DaX, I love that philosophy, and I'm now just realizing it. I've been doing a lot of research on the value of cars and how they hold their resale value(or lack thereof), and buying a brand new car really is an investment detriment -- for the most part, the value can only go down. The only drawbacks are, of course the previous owners maint. record, and the fact that new vehicles are inherently safer.
Unfortunately, in the last 12 years, I've have had 5 cars out of 8 that were brand new. It always hurts at trade in, although, I have had some success with selling vehicles outright.
My wife bought her Integra (Telly in my garage) new in '97 and has kept it ever since. Not a speck of trouble EVER. Now, I drive it, and I love it, and probably will be probably be driving it for a very long time, God willing. She insists on a new car next time, and with the safety advances of recent years, I agree (and the fact I've had a few new cars when she was around - she's due for a new one). My Brother- and Sister-in-law have a '06 TSX that we have our eye on, and they might be close to unloading it out of necessity (they're maticulous with maintenance, and it'll be a year old here pretty soon). Unfortunately, it's a pretty hot car, and they would probably demand a high return, but we'll see. We need to get rid of the TL soon -- too big, too many miles.
RH77
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