Comments on: I Bought a New Car, and Why it Was a Good Idea For Me

By: How Not to Buy a Car | Military Finance Network

How Not to Buy a Car | Military Finance Network — Thu, 28 Aug 2008 21:09:48 +0000

[...] if you can afford it. In fact, I think there are many good reasons for buying a new car (actually, I bought a new car), but I almost always recommend buying quality a used vehicle if possible. But the problem [...]

By: Mrs. Micah

Mrs. Micah — Sat, 17 Nov 2007 02:50:21 +0000

Good point. I think that might be what I heard. Since I wasn’t on the market for a car, I just ignored it.

By: Patrick

Patrick — Sat, 17 Nov 2007 02:44:13 +0000

Mrs. Micah,
at the time, the flooded cars were being transported all over the US. It is actually easier to commit the fraud by transporting the cars out of state because then the thieves could get a clean title that didn’t have any reference to the car being totaled.

Jeremie,
I would buy a used car now, but at the time, buying new was the best option for me. I agree, though… depreciation sucks!!!
Patrick’s last blog post..I Bought a New Car, and Why it Was Good Idea For Me

By: Jeremie

Jeremie — Fri, 16 Nov 2007 15:51:43 +0000

I like to buy somewhat used automobiles. The ones that are 2-3 years old have dropped in price but still retain their main equity. As most people know, vehicles lose most of their “inflated value” (depreciation sucks) in the first three years. It also allows the first drivers to find out if there are any issues with the car before selling it. Until I start buying Lexus’s off the lot, I think I am cool with buying used.

By: Mrs. Micah

Mrs. Micah — Fri, 16 Nov 2007 12:10:16 +0000

I think I read about the flooded automobile fraud at the time. In that situation, new is definitely the best choice (or buying used in, like, Nebraska).