Why would anyone buy a new economy car?

[FU64RY]

Bingo... I consistently do routine maintenance on Hyundai and Kia vehicles well over 100k miles, VERY rarely do they have problems. Hell, everyone I know who asks for a new vehicle recommendation I say Hyundai or Kia, they are very well built vehicles now.

Labor day 2013 I bought my wife a new Kia Hybrid $36,480.
24,654 miles later 3/21/17 got $14k on a trade in mint condition and that was the best most other places were under $14K.
Do the math.............That's $22,480 divided by 42 $535.24 a month depreciation. That's damn close to $1.00 a mile not counting gas oil maintenance etc........
Had she not driven the car at all I lost $22K.
Good car but they drop value like chooch.
Subaru is the only way to go if you want resale value, 90% after two years.

 

[65-440]

Labor day 2013 I bought my wife a new Kia Hybrid $36,480.
24,654 miles later 3/21/17 got $14k on a trade in mint condition and that was the best most other places were under $14K.
Do the math.............That's $22,480 divided by 42 $535.24 a month depreciation. That's damn close to $1.00 a mile not counting gas oil maintenance etc........
Had she not driven the car at all I lost $22K.
Good car but they drop value like chooch.
Subaru is the only way to go if you want resale value, 90% after two years.

You think that's bad, go buy a German or British car then trade it in a few years later .... depreciation city there !

 

[GrabberOrange69]

I have both economy cars and performance cars. I love them both for different reasons.

My wife and I drive a combined 138 miles of commuting every day(!) and we quickly found we could pay for the car and insurance for the mileage difference between an eco-box and my Mustang or Pick-up truck. I bought the most wretched road urchin out there, a new Versa SV - the MPG is sitting at 40.2 MPG right now, and it paid for itself years ago. I don't get in a sweat when the scam gas pricing hits $4-5/gal (sure, it pisses me off, but I don't have to change my lifestyle or where we drive). It just keeps motoring on. A/c, cruise, bluetooth, etc. I put 4 top of the line BFG all season tires on it last summer - $250 on sale. Total! My Saleen Blown 07 Mustang w/ PJ 19x9 and 19x10s...its over $2000 to put new shoes on, and they last half as long (for some reason the rears only last 10k ;) ).

Having that little **** box allows me to keep my '65 Dodge, '65 Ford, '69 Shelby, and '07 Stang. When it's used up, I'll throw it out like I would an old coffee maker and get a new one. It's an appliance, nothing more.

 

[YY1]

The other side of the resale value coin-

I saved 8K by buying my Renegade 2.5 years old.

Still had some bumper to bumper warranty left.

I saved over 10K buying my 2000 Dakota 2.5 years old.

That 18K is more than I have in all my classics combined not counting insurance, gas, and tags.

 

[Officer Higgins]

I couldn't give a rat's *** for economy cars or electric cars...I'm gonna burn as much dinosaur juice as I possibly can before I die.

An Engineer who I've been working for lately calculated that if more than 50% of people in NZ go and buy an Electric car, we will need to double the amount of electricity generation infrastructure to cope with the added demand on the National Grid. Our Greenies won't allow Nuclear power, or oil/coal fired generators, wannabe rural lifestyle whacko's won't allow more suitable valleys to be flooded and turned into Hydro dams.....and wind turbines are so noisy that no-one wants them near where they live. We are screwed with electric cars....the amount of resource and raw materials that they consume to produce, and the amount of toxic by-product during their manufacture, is totally outweighed by their usefulness and so-called benefits to society.

i agree i watched so called experts in the oil industry say that we would be out of oil by now. I understand the number of barrels pump in Saudi but if you look at that size of that oil field its tremendous, not including all other discovered and yet to be discovered oil .

 

[Officer Higgins]

Some folks spend a large part of their day commuting to and from work.
I would not be inclined to enjoy my BBody car this way.
I also would not take my BBody car out for a spin in the snow.

View attachment 639853

Snow driving is for copo chevys. Lol

 

[Seax440Dodge]

If I'm going to drop mid 20k on a car on e-bay....... I'm going to buy an early viper

 

[SteveSS]

I agree on the financing aspect. No bank will loan that kind of money on an old car. I still can't abide by buying a new **** box. As stated they drop in value quickly but mechanically stay valuable for long periods of time. Therefore buy the 7 year old Kia for MPG, and other factors and put the balance into something fun.

I recently sold a 2002 Nissan Sentra 5 speed with 200K on it for $800. I bought it for $200 and had new o2 senors put on it and drove it for 50K miles. I had to too many cars so i had to sell a few off. Knowing I had some badass cars at home soothed my ego enough to drive a little POS around town.

Oh and yes that Camaro needed the 6 speed, Sucks with an auto.

 

[65-440]

That 18K is more than I have in all my classics combined not counting insurance, gas, and tags.

Must be nice !!

 

[threewood]

Plenty of reasons. First, I don't have enough mullet to drive your example.

Buying a new or newer car almost always has a warranty which you don't get buying used. Gas mileage is better on newer cars. Maintenance is much less on newer cars as they tend to last twice as long as older vehicles, plus they are more reliable. And financing...banks and finance companies interest rates are always higher on used cars than on new cars. Plus they offer incentives for new cars, sometimes zero percent for a certain period.

 

[GrabberOrange69]

...Therefore buy the 7 year old Kia for MPG....

That MAY work in some places in the US...it does not lend confidence here in southern Nevada when you or your wife is driving it 40 miles into the open desert with temps at 115 degrees. I just wanted to know the entire mechanical history and maintenance so new was the way to go.

But your logic has merit, and I too have done exactly what you described: The cheapest car I've ever owned was a 1980 Ford Fiesta I bought in 1986. It had 90,000 miles on it, I drove it for 5 years and put another 90,000 miles, then sold it for $400 to my brother. But that was in the Pacific NW, and if it broke down you could at least get out of the rain.

 

[Gone]

I just don't get why someone would go plunk down $23,000 on a new economy car when you can go buy a new collectible vehicle like this. https://www.ebay.com/itm/2002-camar...087532?hash=item4d7a2a806c:g:x8IAAOSweqJbIk4Z

I mean it's got 4,300 miles on it it and it's poised to appreciated. Buy a used Camry for $2000 and drive the other on the weekends. Not trying to tout Camaros on a Mopar site just using this as an example.

OK, I'll take a shot at the question...to save money?