Re:$35,000 Tesla Model 3 Available Now
by Sohcahtoa82 on Friday March 01, 2019 @07:26PM
(#19286615)
> not worrying about a questionable history (I’ve seen cars seriously damaged by driving habits in hundreds of miles of driving by abuse)
This is especially true with sports cars.
At one point I was considering buying a Nissan GT-R. I could get a brand new one for $120K, or a 5 year old one with 35k miles for a hair under $70k. You'd think the used one is a no brainer! But we're talking a car with ~550 horsepower, something someone could quite likely have been taking to a race track on a regular basis, putting untold amounts of wear on the engine and drive train.
I admit $50k is a lot to pay for peace of mind, but when you're like me and own a car until it dies, I like to know how it's been treated, and being the only owner is the only way to know that.
Buying a new car lets you take advantage of warranties, free maintenance on some brands, having new tech years ahead of what’s otherwise availble (if you’re interested in that), not worrying about a questionable history (I’ve seen cars seriously damaged by driving habits in hundreds of miles of driving by abuse), and a myriad of other factors.
At the end of the day money is not just for hoarding. You can want to buy a new car as a treat, or a reward, and still do it a financial literate way.
Financial literacy != only spending money in the most utilitarian and minimal way possible, otherwise we’d all eat rice and legumes and live in shoeboxes to show how “financially literate” we are.