Friday, July 1, 2011

Comparing New and Used Cars

I LOVE my Town and Country Minivan. I'm just telling you, I LOVE having a minivan. I was completely curious, however, about the price we paid for our 2007 with like 57,000 miles on it or something, compared to a brand spanking new one. I found this new vehicle that I really like. It's the same make and model, but it's red, which I like too, but they say red cars get more speeding tickets. I will have to do some research on that one!

But this brand new 2011 is DOUBLE what we paid for our 2007. Granted, it has a few more bells and whistles (like a built in DVD player), but DOUBLE? (This particular webpage is a local dealer as well, so the price could be different where you live.) That's a LOT of depreciation, and makes me re-think buying new.

I found the price of the new van by going here and typing in the information of the vehicle I wanted to look at. Very cool site with lots of information.

Anyway. I'll stick with my 2007 and save myself $15,000 thank you very much!

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3 comments:

Patty Ann said...

I always buy used, usually two years or so. My son is a GM at a dealership, and when we run a car into the ground and it is time for a new one, I just call him and he finds a used one for me in a few weeks. I can't justify the new car prices, although if you watch for the sales, sometimes it can be a great deal. I always keep my cars for six or seven years. Currently, I am driving a 2005. It needs to last at least two more years!!

Rachel said...

Car prices are totally off the hook! I've never owned a new car in my life. Unless I hit the lottery, I probably never will!
I drive a 1998 Ford Explorer, I just hit 80,000 miles so I'll be for a very long while (knock wood)

Nicole Vickers said...

There are a lot of differences between new and used cars. One of the biggest differences is the price. New cars are usually priced double, sometimes even triple, the price of a used car. Glad you are satisfied with your car though! And the $15,000 you were able to save is definitely a lot of money. You can use that for other more important things.