Comments on: Benefits of Buying a New Car http://cashmoneylife.com/benefits-of-buying-a-new-car/ Money Management, Small Business, Career Tue, 22 May 2012 21:43:35 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Andy Smith http://cashmoneylife.com/benefits-of-buying-a-new-car/#comment-26492 Andy Smith Fri, 12 Nov 2010 20:25:31 +0000 http://cashmoneylife.com/2007/11/13/benefits-of-buying-a-new-car/#comment-26492 All that sounds like bad advise unless you're rich, pay cash for the new car, and don't mind the 60% depreciation hit you'll take in the first four years. If you're smart you'll pay cash for a used, reliable, car or truck and retire a wealthy person. The new car smell and dvd player don't seem worth the debt and financial stupidity. More people file bankruptcy or credit destruction on new cars than any other financial decision. All that sounds like bad advise unless you’re rich, pay cash for the new car, and don’t mind the 60% depreciation hit you’ll take in the first four years. If you’re smart you’ll pay cash for a used, reliable, car or truck and retire a wealthy person. The new car smell and dvd player don’t seem worth the debt and financial stupidity. More people file bankruptcy or credit destruction on new cars than any other financial decision.

]]> By: Ryan http://cashmoneylife.com/benefits-of-buying-a-new-car/#comment-12726 Ryan Tue, 02 Sep 2008 11:36:58 +0000 http://cashmoneylife.com/2007/11/13/benefits-of-buying-a-new-car/#comment-12726 Very true, Matt. Thanks for pointing that out. :) Very true, Matt. Thanks for pointing that out. :)

]]> By: Matt http://cashmoneylife.com/benefits-of-buying-a-new-car/#comment-12709 Matt Tue, 02 Sep 2008 04:42:48 +0000 http://cashmoneylife.com/2007/11/13/benefits-of-buying-a-new-car/#comment-12709 You forgot the biggest reason... identical product. I can get a never-been-driven grey 2008 Honda Odyssey with a DVD player and leather seats from *any* Honda dealership. And once I get my first quote, I can take that to some other dealer and ask for the same product at a lower price. And so on; and so on. Provided there are no outside market influences (i.e. first model year), you can purchase a car for a thousand or so over invoice (several thousand below MSRP). Once you enter the used car market, there are hundreds of differentiators even given the same make/model/features: this one has dealer added pin stripes, that one is cleaner, this one has two fewer door dings, etc. You can no longer go from dealer to dealer and compare apples to apples. You forgot the biggest reason… identical product. I can get a never-been-driven grey 2008 Honda Odyssey with a DVD player and leather seats from *any* Honda dealership. And once I get my first quote, I can take that to some other dealer and ask for the same product at a lower price. And so on; and so on. Provided there are no outside market influences (i.e. first model year), you can purchase a car for a thousand or so over invoice (several thousand below MSRP).

Once you enter the used car market, there are hundreds of differentiators even given the same make/model/features: this one has dealer added pin stripes, that one is cleaner, this one has two fewer door dings, etc. You can no longer go from dealer to dealer and compare apples to apples.

]]> By: Paul http://cashmoneylife.com/benefits-of-buying-a-new-car/#comment-9940 Paul Fri, 18 Jul 2008 13:39:55 +0000 http://cashmoneylife.com/2007/11/13/benefits-of-buying-a-new-car/#comment-9940 Good blog...! In order to get an instant auto finance loan you need to consider a couple of things before you decide to go and get yourself for <a href="http://www.autofinance-ez.com/" rel="nofollow"> New Auto Financing </a> loan over the internet. Good blog…! In order to get an instant auto finance loan you need to consider a couple of things before you decide to go and get yourself for New Auto Financing loan over the internet.

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