On 28% of its value in 4.5 years??

[skipgen]

Yep, it's called prudence. We think very similarly. Who doesn't want or enjoy a brand new car, but those who do so are simply throwing money away or have sufficiently more than they need. Let the first buyer take the hit and then buy with warranty.

Right. My car dealing uncle, said it was the worst "investment" ever... but it didn't stop him from selling the shit out of some Lincolns, back in the day.

I didn't buy the warranty as with a fairly reliable car you usually end up paying way more in premiums than you use - I just have a savings account set up to take care of those eventualities...

 

[SuperKing]

Yep, it's called prudence. We think very similarly. Who doesn't want or enjoy a brand new car, but those who do so are simply throwing money away or have sufficiently more than they need. Let the first buyer take the hit and then buy with warranty.

There are consequences to what I do though... I wouldn't want to be the guy who buys my car when I'm done with it... lol... Because I'm paying next to nothing for the thing over the long run, I don't treat it well. I don't avoid potholes, I almost never wash it, I run the cheap gas, etc... A few times, I curbed the wheel and I didn't even bother to check it out. There's a ding on my rear fender after I parked at the airport for a few days and I just went "meh" when I saw it... In my mind, they're the next owner's problem. I'm okay as long as I do the maintenance and don't crash it into anything... lol

 

[Whitey]

There are consequences to what I do though... I wouldn't want to be the guy who buys my car when I'm done with it... lol... Because I'm paying next to nothing for the thing over the long run, I don't treat it well. I don't avoid potholes, I almost never wash it, I run the cheap gas, etc... A few times, I curbed the wheel and I didn't even bother to check it out. There's a ding on my rear fender after I parked at the airport for a few days and I just went "meh" when I saw it... In my mind, they're the next owner's problem. I'm okay as long as I do the maintenance and don't crash it into anything... lol

Thanks for warning us, lol. If the last owner was you, I will not be buying!

 

[G-624126]

Either this car is the biggest steal in automotive history as a used purchase, or one of the worst investments you can make in a vehicle. I'm not sure at this point.

My car stickered at $56,600, it's a Parisian Gray 2015 V8 tech and pano roof with 43k miles. It is in near flawless condition inside and out. And I'm not kidding, you would be hard pressed to find one this age in this kind of shape. Anything that's needed to be replaced has been replaced, too - B/C pillars, wheels were recently powder coated, it has been paint corrected, etc. It just sparkles. Interior is a 9.5/10.

I've been looking at replacing it and I've gotten two quotes, one for $17k on a trade and the other for $16k (Carmax appraisal). That's insane depreciation, on par with AMG cars. I paid around $27k in July of 2018 and, at this rate, it'll be worth about $5,000 in 18 months LOL. I'm really shocked.

To out this into perspective, it is apparently worth less than a brand new, completely stripped down Nissan Sentra.

Did you eventually get a decent price?