boemMore Than 80 Percent Of Americans Can’t Afford New Cars
BizarrolandMy question is, what is the advantage of buying a brand new car? It loses 20% of its value when they hand you the keys.
I don't know about you people but I can't afford to take a $10,000 hit on a $50,000 purchase the instant I make the purchase, and anyone who can afford that isn't buying a $50,000 car
That is accounting value and not real life resale value. If you could buy a car with 500 miles for 20% of the price, no one would buy new cars
They are out there, but few and far between. I’ve bought 3 dealer loaners of the previous years model year with an average mileage around 5k. 2 of them were a while ago. The most recent was a 3 row KIA sorrento and it was nearly 30% off MSRP. Hard to find those kind of deals though, and warranties are shorter.
Brand new previous year models go on sale for that cheap every year when new models are released. If you want a killer deal on a brand new car, start looking at the handful of 2023 models still sitting on lots now that 2024 models are out.