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Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115709 05/25/19 05:40 PM
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Rand Online Content
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extremely generic question.

Would I buy a 5 year old CPO BMW, no

plenty of vehicles I wouldnt buy used.. a 2-3 year old subaru goes for the same as new.. not worth the hassle to save $1000 and you have to pay full sales tax vs sales tax on the amount after trade in value

I'd consider a 3 year old kia soul thats at 50% of msrp. etc.


2019 Jeep Cherokee Trailhawk 2.0T
2020 Hyundai Elantra "Value Edition"
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Rand] #5115713 05/25/19 05:47 PM
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atikovi Offline
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Originally Posted by Rand
a 2-3 year old subaru goes for the same as new.. not worth the hassle to save $1000


I'd like to know where I can sell 2-3 year old Subarus for the price of new ones. I'll be rich.

Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Rand] #5115715 05/25/19 05:48 PM
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Garak Offline
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Originally Posted by Rand
plenty of vehicles I wouldnt buy used.. a 2-3 year old subaru goes for the same as new.. not worth the hassle to save $1000 and you have to pay full sales tax vs sales tax on the amount after trade in value

Exactly; it's really not very simple. Some vehicles, you can get a good deal on used, and some you can't. I'd "like" to buy every vehicle I find interesting, but there's only so much time and money, and an interesting old Benz diesel, for example, back when new would have been far out of my price range, particularly since for some of them, I was a toddler when they were released, so if I want to try one, it certainly will be used.

There always is the risk of someone else's problem. There are also people who simply get bored of their vehicles, take meticulous care of them, and trade them off or sell them very regularly.


Plain, simple Garak.

2008 Infiniti G37 - Shell ROTELLA T6 Multi-Vehicle 5w-30, Wix 57356
1984 F-150 4.9L - Quaker State GB 10w-30, Wix 51515
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115723 05/25/19 05:59 PM
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Cujet Offline
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Vehicles are pro-rated. Period, end of story.


More interestingly, on a cost per mile basis, a well purchased new vehicle, kept for a good portion of it’s lifespan, may not be more than a few cents per mile (3-5) more than a comparable used vehicle.

With few exceptions (notably some GM high depreciation models) the days of getting a used car for 40% less than new, with less than 40% of it’s useful life “used up” are behind us. Once repairs, tires, brakes, and required services are taken into account.




The IRS currently lists cost per mile at 58 cents. That’s not far off the average.

Last edited by Cujet; 05/25/19 06:06 PM.

People who count on their fingers should maintain a discreet silence.
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115738 05/25/19 06:15 PM
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carviewsonic Offline
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The most satisfying car buys for me are 1 senior owned near luxury types, older but with very low miles. 3 Buick’s and 1 Lincoln over the years so far. All were decent cars, but all needed minor things like tires or struts/shocks etc. The depreciation from new was huge, so it made the initial repairs worthwhile.


'18 Impala
'05 Park Avenue
'03 Park Avenue
'07 Honda Accord
'09 VStar 1300
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Cujet] #5115745 05/25/19 06:23 PM
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fdcg27 Offline
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Originally Posted by Cujet
Vehicles are pro-rated. Period, end of story.


More interestingly, on a cost per mile basis, a well purchased new vehicle, kept for a good portion of it’s lifespan, may not be more than a few cents per mile (3-5) more than a comparable used vehicle.

With few exceptions (notably some GM high depreciation models) the days of getting a used car for 40% less than new, with less than 40% of it’s useful life “used up” are behind us. Once repairs, tires, brakes, and required services are taken into account.
The IRS currently lists cost per mile at 58 cents. That’s not far off the average.


You've written similar things before and I think you're right.
When you buy something new, you get to use it for the first and best 100K of its life with nothing more required than fluid changes, a set of brakes and a set of tires.
New vehicles are quite inexpensive for those with the wit to shop and negotiate and cheap or free financing abounds on these new rides, especially for those who don't really need financing.
There are no significant savings to reap in most used car buys, although the shop and negotiate rule still applies and can yield the occasional bargain.


18 Accord Hybrid 20K HGMO 0W-20
17 Forester 30K VME 0W-20
12 Accord LX 115K SSO 0W-20
09 Forester 119K M1HM 5W-30
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95 318i
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Imp4] #5115748 05/25/19 06:26 PM
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Originally Posted by Imp4
There are people around that will adopt almost any point of view.
You empower them when you react to their position, no matter what it may be.

If you truly disagree with someone else's position, it's best to treat them respectfully and move on.


Abso-freaking-lutely!


14 Forester XT Touring FA20DIT (Cobb Stage 1)
Castrol Magnatec 5W-30 D1G2 + FU filter (72,320mi, 8/24/19)
15 Legacy Premium FB25
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Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Rand] #5115752 05/25/19 06:30 PM
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gathermewool Offline
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Originally Posted by Rand
extremely generic question.

Would I buy a 5 year old CPO BMW, no

plenty of vehicles I wouldnt buy used.. a 2-3 year old subaru goes for the same as new.. not worth the hassle to save $1000 and you have to pay full sales tax vs sales tax on the amount after trade in value

I'd consider a 3 year old kia soul thats at 50% of msrp. etc.


Got my '15 in the fall of '17 for $15575, with ~30k miles. MAJOR savings!

Everyone who impulsively purchases, be it used, new, CPO, will have a higher likelihood of failure. Those who purchase when they WANT to will likely see an increased level of success.

This ain't rocket surgery, folks!


14 Forester XT Touring FA20DIT (Cobb Stage 1)
Castrol Magnatec 5W-30 D1G2 + FU filter (72,320mi, 8/24/19)
15 Legacy Premium FB25
Magnatec 5W-20 + FU filter (47,300mi, 5/11/19)
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115755 05/25/19 06:36 PM
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double vanos Offline
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I buy new when 0% financing is going on then roll them 120k-140k / 8 years, then go get another new one. Simple.
At 67 yrs old I realize that in 8 years I’m liable to be dead so if that’s the case my current new car is my last ha ha.


Sabine Schmitz is the Queen of the 'Ring; Svetlana Kapanina is the Queen of the SKIES...
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115784 05/25/19 07:11 PM
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madRiver Offline
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If you are paying cash then who cares. Otherwise I concur financially poor decision to buy brand new with a depreciating asset financed.

The comical thing to me is people worried about a used car. Yet what are 95% of people driving but used cars .

Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115788 05/25/19 07:13 PM
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2016 300: got the window sticker price and it was $40,000. I paid $23k in 2018.

2018 Grand Caravan: bought in 2019 for $19k with FCA’s 7 year 100k mile CPO warranty, which is better than their new Powertrain warranty!

I want a new car, but for a daily knowing that depreciation hit is there doesn’t sit well with me.

Last edited by Skippy722; 05/25/19 07:14 PM.

2016 Chrysler 300S v6
2018 Dodge Grand Caravan GT

Slight Mopar obsession
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115845 05/25/19 08:16 PM
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andyd Offline
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Both Camrys were CPOs They have been fine so far.My wife bought both of them. grin2


'16 Camry LE STP synth 0w20 and STP filter. the Fridge

1994 Ranger ,the Rat, 5w30 dino, STP filter

'16 Camry SE, Valvoline HM 0w20 and OEM filter
Thick oil is better grin2
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: double vanos] #5115853 05/25/19 08:24 PM
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BMWTurboDzl Offline
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Originally Posted by double vanos
I buy new when 0% financing is going on then roll them 120k-140k / 8 years, then go get another new one. Simple.
At 67 yrs old I realize that in 8 years I’m liable to be dead so if that’s the case my current new car is my last ha ha.



Must be a weird feeling.


“It took untold generations to get you where you are. A little gratitude might be in order. If you’re going to insist on bending the world to your way, you better have your reasons.”

435i
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: Speak2Mountain] #5115867 05/25/19 08:40 PM
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MCompact Offline
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I've bought 5 CPO BMWs; I've been very happy with each one- and currently have two. Depreciation is my friend.


Mine:
2014 M235i
2009 Cooper Clubman
1999 Wrangler Sahara
1995 318ti Club Sport

Wife's:
2015 X1 xDrive28i M Sport


Son's
2009 328i

Buy what makes you smile...
Re: Are there still ppl around who refuse to buy used or CPO vehicles [Re: demarpaint] #5115873 05/25/19 08:50 PM
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Dinoburner Offline
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ditto


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