The global chip shortage is starting to have consequences

Re:The global chip shortage is starting to have consequences by throwawayboise on Sunday May 09, 2021 @02:21PM (#27098315)

You lose all of that and more on depreciation in the first two years.

I buy older than most people; currently my newest car is a 2009. I do maintenance and routine repairs myself, and I lose almost nothing on depreciation. But you can still come out ahead by buying 4-6 years old and letting the original buyers take the bulk of the depreciation losses.

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Re:The global chip shortage is starting to have consequences by stjohnswarts on Sunday May 09, 2021 @06:02PM (#27100245)

For me the sweet spot has been 5 years old and < 60K miles, usually cars with that description haven't been run into the ground. Currently driving a mustang with 200K miles on it and it still runs like a sewing machine. It's harder now though, pandemic has really driven up used car prices, makes more sense to buy new currently, especially if you're getting something like a honda or toyota that holds value.

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Re:The global chip shortage is starting to have consequences by underwater on Sunday May 09, 2021 @10:16PM (#27101999)

I don't think this is a blanket rule. Sometimes 2-4 year old cars can be the same price as a new car. This seemed to happen after the GFC crash.

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Re:The global chip shortage is starting to have consequences by daniellarusso on Sunday May 09, 2021 @06:44PM (#27100534)

Not anymore.

Car market is a bit strange right now.

Check the price on your 2009 on eBay or craiglist. Is it worth more than you think it should be?

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