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Buy New Car vs Buying Used Car

post #1 of 45
Thread Starter 
Gentlemen...

In approx 9 months the lease on my bmw is up and I am in the market for another car... I do not want to lease again as I drive approx 25K miles/year and that is not very lease friendly...

My commute is about 60 miles round trip, not too much traffic overall.

I do not want to spend more than lets say 25-26K and I do get employee discounts through work on almost any brand of car...

Now in terms of new cars... I was thinking a mazda 3 sedan, or a mazda rx8(can get very minimal with employee discount for about 26K)... perhaps a new nissan altima 2.5 (love the new body)

In terms of used cars, I would preferably like a car 3-4 years old with under 30K miles... something that is classic yet sporty ala my current 3 series... if I do get a used car I would like a japanese car as they seem to be more reliable / cheaper to repair... but I am open to other choices...

It is racing through my mind my possible options of what to get...

I've never had a used car in my life...

For reference I will be 25 years old when it is time to get this car.

Any thoughts on some possible options for me? Further thoughts on buying new cars vs used car at this point in life?
post #2 of 45
Go with a new Altima. I just got one for 18K and I couldnt be happier. The amount of car you get for the money is incredible. I dont know if youre concerned with gas mileage, but Ive been getting ~32mpg on highway commuting.
post #3 of 45
If you lease from BMW again you'll pay $.15 cent's/mile for the additional 10k miles per year. Find a vehicle whose depriciation and maintenance cost's less than $.15/mile and I'll agree that the higher mileage BMW useage isn't lease friendly. I'd lease another 3/5 series if I were you
post #4 of 45
at 25k a year i would go used w/o a doubt. otherwise you are flushing your $$. the depreciation on a new car is bad enough with 10-15k/yr. At 25k/yr. you'll never be able to unload it if you wanted too.

I'd go for a used V6 Accord or Camry were I you. I assume you arent terribly into cars and are only considering this as transportation though so correct me if I'm wrong. Altimas are a decent choice as well and can be had at REALLY good prices used. I have had 2 Nissans previously and they were both great cars.

All that said, I have an 06 CTS right now with around 40k on it and I freakin LOVE it. it's like an Accord or Camry V6 but reeeeeeeally nice imo. good deals to be had on them as well and with a 5/50k warranty plus and extended warranty if you choose, they're relatively cheap to run. Just a few options.
post #5 of 45
Maybe a used Acura TL or TSX might work for you, as it's both Japanese & sporty.
post #6 of 45
If you put 25k miles on a car a year you should get the cheapest car you can.

If your rich and got to meet with clients then thats another story.
post #7 of 45
MINI Cooper S. They are mythical in the sense that they get 40mph (some will claim even 50mpg), are in your price range, stylish, and keep their value
post #8 of 45
Quote:
Originally Posted by Mauby View Post
Maybe a used Acura TL or TSX might work for you, as it's both Japanese & sporty.

I was recently in a friend's TSX and it's really nice. Had GPS, satellite radio, all the bells and whistles. It was a dealer demo with like 2,000 miles on it - thus cheap.
post #9 of 45
USED! New is a waste of money. I'd look into an 06 or so Lexus IS300. Better engine than the 250 and they're really good drivers. Or an Infinity G35 - 37.
post #10 of 45
Buying a new car is worst investment ever, at this point in your life used would probably be best.
post #11 of 45
Thread Starter 
Quote:
Originally Posted by Rambo View Post
USED! New is a waste of money. I'd look into an 06 or so Lexus IS300. Better engine than the 250 and they're really good drivers. Or an Infinity G35 - 37.

yeah, those 250 suck!
i test drove one around the time i leased my bmw
post #12 of 45
Unless it's a Honda or Toyota, you will lose a few grand just by driving it off the lot. I'd get a 2 year old car with not many miles on it. It is fun buy a new car, but I don't know if I'll do it again. I want a WRX, so it may be worth buying new just to make sure the previous owner didn't rape the engine. For a commuter, buy used, for a fun car, it might be worth buying new.

The Altima or Mazda 3 are great cars.
post #13 of 45
Besides the economic aspect, with the amount of mileage you put on annually, you are definitely a used car candidate. Go for any of the Japanese ones (Infinity/Nissan, Lexus/Toyota, Acura/Honda or Mazda) for the ease of use and higher reliability.
post #14 of 45
Quote:
Originally Posted by Asterix View Post
Besides the economic aspect, with the amount of mileage you put on annually, you are definitely a used car candidate. Go for any of the Japanese ones (Infinity/Nissan, Lexus/Toyota, Acura/Honda or Mazda) for the ease of use and higher reliability.
I tend to agree, but I suggest considering German makes, too.
post #15 of 45
Quote:
Originally Posted by JayJay View Post
I tend to agree, but I suggest considering German makes, too.
Don't the Germans tend to have more reliability problems when they get up there in mileage?
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