Quote:
Originally Posted by ElectricManatee
I don't know what the used car market looks like right now, but when I had to replace my car six months ago, newer used cars and brand new cars were basically the same price. It felt weird, but we ended up buying a brand new car because it was essentially a better deal. Another odd consequence of Covid and the chip shortage.
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Quote:
Originally Posted by LonesomeTonight
I've heard there's still a used car shortage, which is increasing their price. Depending on what your credit is like, Artie, you could end up better off getting a new car if they're offering any sort of 0% or very low interest deals for 5-year loans--if you wouldn't qualify or if those deals aren't around now (been almost 2 years since I was car shopping!), if it's almost the same price, it may be better to just get a new car, as they tend to have much longer warranties. And since he drives for his job, I wonder if it could be worth it to consider a hybrid? Not sure if they've adjusted his mileage payment to consider current gas prices (which are now $5 by me....)
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Thanks EM & LT. I don't know what we're gonna do he keeps flip-flopping. Last thing he said: he had to go get a smog inspection today to renew his tags so while he was out he went to the dealer where we bought the car and had them look at it, and they told him some symptoms to look for and if they're not happening, they're not recommending a new one yet. I'm so confused haha. So he's gonna run it a couple more days and watch for what they said, and we'll make a decision based on that. Either way it ain't gonna be cheap.... whether we get a new or used car... he's starting to look at both. He's also waiting to hear back from the insurance co. on how much more the insurance would be for a new car.