Re: New car/used car debate

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Re: New car/used car debate Posted by OKSaabs (more from OKSaabs) on Wed, 16 Nov 2005 08:42:26

In Reply to: New car/used car debate, -993-, Tue, 15 Nov 2005 23:25:54 Members do not see ads below this line. - Help Keep This Site Online - Signup

A long time ago (15 years?) I read an article by some guys who had crunched the numbers, and according to them the least expensive thing to do was buy a new car, keeping it until the cost of any single repair exceeded the value of the vehicle at that time, at which point you would junk it. That seems a little unintuitive to me, but that's what they said. I'm not sure I personally would do a $2500 repair to a $3000 car even though they recommended that.

Sorry, but I can't provide you a source or details, and the cost of cars has escalated quite a bit since that time, so the data might not be valid any longer.

posted by 156.110.35...

Posts in this Thread:

New car/used car debate, -993-, Tue, 15 Nov 2005 23:25:54
- Thanks for all the comments and.., -993-, Thu, 17 Nov 2005 20:11:55
- Just look at the depreciation curve..., STICKMAN, Thu, 17 Nov 2005 06:14:45
  - And look at other costs over time..., Noel, Thu, 17 Nov 2005 06:31:09
    - this is my philosophy, Bob M, Thu, 17 Nov 2005 08:14:41
- Re: New car/used car debate - longish, johnf, Thu, 17 Nov 2005 00:39:46
- It's more about what you think you can afford...., Mike Lynch , Wed, 16 Nov 2005 21:38:47
  - Wouldn't your lease payment analysis break down if...?, Dave in Houston, Thu, 17 Nov 2005 04:39:00
    - Re: Wouldn't your lease payment analysis break down if., Noel, Thu, 17 Nov 2005 06:08:31
- Re: New car/used car debate, Ernesto , Wed, 16 Nov 2005 18:14:10
- Wouldn't buy any car with >20,000 miles on it, NickR, Wed, 16 Nov 2005 13:49:06
  - I bought my Viggen with 76,000, just passed 130,000, Dave in Houston, Wed, 16 Nov 2005 18:15:35
    - just curious, steveC, Wed, 16 Nov 2005 21:14:39
      - Re: just curious, Shawn, Fri, 18 Nov 2005 15:56:32
      - I commute too, Trev, Thu, 17 Nov 2005 19:47:49
      - Commuting (Ramblings), Dave in Houston, Thu, 17 Nov 2005 04:34:09
- Good thread. It's not a simple answer.. (longish), Noel, Wed, 16 Nov 2005 12:08:48
- Don't you think that it's not all about money., J, Wed, 16 Nov 2005 11:41:21
- Re: New car/used car debate, mb25, Wed, 16 Nov 2005 11:30:51
- Re: New car/used car debate, kooch, Wed, 16 Nov 2005 10:23:02
- Re: New car/used car debate, PaulO, Wed, 16 Nov 2005 08:49:55
  - Depreciation roughly equal 1st 3 yrs vs 2nd 3 yrs..., Mike Lynch , Wed, 16 Nov 2005 14:49:34
    - Here are some real numbers, I think Mike Lynch is right, Ken D, Thu, 17 Nov 2005 18:17:44
    - Re: Depreciation-- A couple of questions..., Noel, Wed, 16 Nov 2005 15:16:14
  - Re: disagree on one point, JimBlake , Wed, 16 Nov 2005 09:16:15
- Re: New car/used car debate, OKSaabs, Wed, 16 Nov 2005 08:42:26 <-- Viewing This Message
- Need a spray can with "new car" smell..., LeoNL, Wed, 16 Nov 2005 08:18:42
  - How used is used?, SaabSpeed, Wed, 16 Nov 2005 10:10:04
- Figure the cost per mile to drive new or used car..., JBack, Wed, 16 Nov 2005 07:49:40
- It' really not that simple...., Herb Hirsch , Wed, 16 Nov 2005 06:20:47
- Re: New car/used car debate, JimBlake , Wed, 16 Nov 2005 06:16:19
- Not an econ major but..., NateinAA, Wed, 16 Nov 2005 05:00:17
- Re: New car/used car debate, SaabSpeed, Wed, 16 Nov 2005 03:15:40
  - Re: New car/used car debate, George, Wed, 16 Nov 2005 09:59:58
    - I paid 15K for a 03 Aero., SaabSpeed, Wed, 16 Nov 2005 10:05:40
      - your numbers are wrong, mattysdad, Wed, 16 Nov 2005 11:10:54
        that and the fact the 15-3.5=11.5 not 12.5 ;-), markP, Wed, 16 Nov 2005 12:06:09
        at work doging big brother....sorry.. eom, SaabSpeed, Wed, 16 Nov 2005 19:08:04

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