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Toyota Cars Forum Toyota cars, automobiles, and vehicles: information, tips, advice, reviews, and discussion. See also our -CAMRY- and -PRIUS- forums.

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Old 28th June 2008, 01:33 PM   #11 (permalink)
Mike hunt
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Default used truck prices to fall

That's easy. In two years you will have a worn out '99, worth around $800.
In two year I will have a '09, still under warranty, worth $30,000 that I
will trade on another brand new 2011. You do the math

In point of fact I did not spend any additional capital when I bought my
first Mustang GT convertible. I used the money I saved, by trading my 1997
Lexus LS on a 2000 Lincoln LS V8, rather than another Lexus LS V8.

<in2-dadark@> wrote in message
news:558-4866215F-692@storefull-3271.bay....
mikehunt22@lycos.com (Mike hunt)
Let me give you an example that disproves that it pays to buy used cars
If you can afford to buy new cars. I have been buying a new V8
Mustang GT convertible every two years since 1999. The only thing I
pay for is fuel and one state inspection, the dealer provides the three
oil changes required over two years, for free.
I owed a '99. '01, '03, '05, '07 and currently have an '09 for two
weeks, for which I paid a total of $5,000 to drive home. The '07
cost me $3,900 to drive home. The guy that bought my used '05 just
traded it on my '07 a few months after paying nearly $1,000 for tires,
and it cost him $6,000 to drive it home. You do the math
------------------------

I like math..You keep saying the same thing over and over and over. But
you conviently leave out the fact that in the original mustang you
purchased in '99 cost you saaayy..? 23K? Now add that to the 5k and
3.9k and whatever else you paid for the others as you traded up(?).

Let's say in '99 when you laid out all that money I purchased a used '95
camry for 10k and put 1.5 k a year in repairs into it (I doubt I would
need that much) including tires. Now who's ahead..?
 
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Old 28th June 2008, 02:28 PM   #12 (permalink)
in2-dadark
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Default used truck prices to fall

At some point you put out the $$$ for the original new car.. Unless you
were born with a new car...

The person with the used car purchase has invested the savings and with
compound interest has over $40,000 AND a reliable (toyota - barely
broken in at 200k miles) used car.

saved vs buying new and trading in 01, 03, 05. 07:

12k on original purchase
4k on trade in for one year
5k on your trade for another.
Plus 2 more trades you didn't mention the price of..let's say 8k total
for those..

29k$ -saving plus interest compounded over 9 years...
Your looking at over 40k$ difference. For us average blokes that is a
big deal..
 
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