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Another, is this a good price question...

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Old 09-24-2006 | 06:17 PM
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FP
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Thumbs up Re: Another, is this a good price question...

Originally Posted by blitz993
I guess, I am looking at cars, thinking that I may be getting them after the big depreciation drop that most new cars see in the first 2 - 3 years. Yes I can find a new 2005 with little miles for $23,000, but in a year it will be worth $17,000. Another factor as to why I 'll never buy a new car. I may be taking a gamble that the car will slow in it's depreciation, after 2 - 3 years. I believe they will, also a reason I'm looking at 2004's. Many are off-lease cars that are usually well kept and dealers require less money for them because often the lease buy out is much less than the retail.
Look around and be patient. You should be able to find an '05 coupe for around 17K. I think these cars have depreciated as much as they will. You can't buy a Camry for this kind of money.
 

Last edited by FP; 09-24-2006 at 06:19 PM.
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