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by vkou 51 days ago
Yeah, but you'll have a new car.

Obviously if you don't need a new car, it's a really bad financial decision to buy one.

And even if you do, it might be a bad financial decision to buy one.

2 comments

Obviously if you don't need a new car, it's a really bad financial decision to buy one.

It's almost always a bad financial decision to buy a new car. The first-year depreciation is unreal.

We just bought a 1 year old Audi Q5 in the US for ~30% discount over new. And with the Audi CPO program, the warranty is just as long as a new model.

> Obviously if you don't need a new car, it's a really bad financial decision to buy one.

I dunno ....

At least two EV manufacturers offer a 7 year warranty on new cars on all parts INCLUDING the battery.

Replacing whatever is broken in your 10-year old car will on the net cost less than the amortized cost of buying a new one.
I'm no proponent of PCP or leasing but you have to admit there is a hassle factor invovled once they hit a certain age + mileage.