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Discuss Life expectancy for '01-'04 in the alt.autos.subaru forum at Car Dealer Forums; What $$$ do you actually lose? Nothing unless you sell. If you keep a car ...
  1. #11
    bigjim@backpacker.com
    Guest

    Default Re: Life expectancy for '01-'04

    What $$$ do you actually lose? Nothing unless you sell. If you keep a
    car for 4-5 years you get warranty benefits then can sell it to a
    sucker who buys used.


    bugalugs wrote:
    > bigjim@backpacker.com wrote:
    > > That 22k sticker car can easily be had for $20k . You are free to waste
    > > money on someone else's trouble . I'll stick with a new car that I can
    > > maintain properly and has a warranty to pay for the inevitable
    > > problems. I will always buy new. A used car for $15k is a sucker's
    > > bet.

    >
    > One word
    >
    > Depreciation
    >
    > I always bought new......... Until I woke up. Found that I lost more in
    > the first couple of years than what I had been able to save in the
    > previous 2 years to get to the original sale price.
    >
    > Never again.





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  2. #12
    Dmitriy
    Guest

    Default Re: Life expectancy for '01-'04

    Your line of thinking is exactly why a new car will depreciate so much
    so quickly

    You lose about 10% of the cars value when you drive it off the lot.

    A car depreciates on a curve, that starts steep and then flattens out.
    When a car depreciates more, it costs you more per month to drive it. A
    brand new 2006 outback will probably cost you $2-3k in one year. My 6
    year old 2.5RS cost me much less than that. Even with a new timing
    belt, new tires, upgraded shocks, new pads and rotors...etc it probably
    costs me $1k a year (since all of that service actually adds to the
    value of the car).

    But to each his own. I love the appeal of a new car and everything
    being perfect... but at the same time, I love to not have to worry
    about every little scratch.


    bigjim@backpacker.com wrote:
    > What $$$ do you actually lose? Nothing unless you sell. If you keep a
    > car for 4-5 years you get warranty benefits then can sell it to a
    > sucker who buys used.
    >
    >
    > bugalugs wrote:
    > > bigjim@backpacker.com wrote:
    > > > That 22k sticker car can easily be had for $20k . You are free to waste
    > > > money on someone else's trouble . I'll stick with a new car that I can
    > > > maintain properly and has a warranty to pay for the inevitable
    > > > problems. I will always buy new. A used car for $15k is a sucker's
    > > > bet.

    > >
    > > One word
    > >
    > > Depreciation
    > >
    > > I always bought new......... Until I woke up. Found that I lost more in
    > > the first couple of years than what I had been able to save in the
    > > previous 2 years to get to the original sale price.
    > >
    > > Never again.



  3. #13
    JohnO
    Guest

    Default Re: Life expectancy for '01-'04


    bigjim@backpacker.com wrote:
    > That 22k sticker car can easily be had for $20k . You are free to waste
    > money on someone else's trouble . I'll stick with a new car that I can
    > maintain properly and has a warranty to pay for the inevitable
    > problems. I will always buy new. A used car for $15k is a sucker's
    > bet.


    You keep buyin' new ones when the floormats get dirty because then I'll
    have solid used Subies to buy.

    See, it's all good!

    -John O


  4. #14
    bigjim@backpacker.com
    Guest

    Default Re: Life expectancy for '01-'04

    Hardly traded in for dirty floormats. Last two cars went for 8 years
    and 100+k miles. The 86 Dodge Daytona was on the verge of exppensive
    repairs so it went. Bought a 94 Trooper that was hit and totalled in
    '04 with 140k. That was a great vehicle but Isuzu stopped selling them
    or I'd have bough another. My04 OBW is nice and I'll keep it for a
    couple more year or until the 4 door Wrangler is available in yellow.
    Nothing is better than a new car as I know the history of it

    JohnO wrote:
    > bigjim@backpacker.com wrote:
    > > That 22k sticker car can easily be had for $20k . You are free to waste
    > > money on someone else's trouble . I'll stick with a new car that I can
    > > maintain properly and has a warranty to pay for the inevitable
    > > problems. I will always buy new. A used car for $15k is a sucker's
    > > bet.

    >
    > You keep buyin' new ones when the floormats get dirty because then I'll
    > have solid used Subies to buy.
    >
    > See, it's all good!
    >
    > -John O



  5. #15
    bigjim@backpacker.com
    Guest

    Default Re: Life expectancy for '01-'04

    Hardly traded in for dirty floormats. Last two cars went for 8 years
    and 100+k miles. The 86 Dodge Daytona was on the verge of exppensive
    repairs so it went. Bought a 94 Trooper that was hit and totalled in
    '04 with 140k. That was a great vehicle but Isuzu stopped selling them
    or I'd have bough another. My04 OBW is nice and I'll keep it for a
    couple more year or until the 4 door Wrangler is available in yellow.
    Nothing is better than a new car as I know the history of it

    JohnO wrote:
    > bigjim@backpacker.com wrote:
    > > That 22k sticker car can easily be had for $20k . You are free to waste
    > > money on someone else's trouble . I'll stick with a new car that I can
    > > maintain properly and has a warranty to pay for the inevitable
    > > problems. I will always buy new. A used car for $15k is a sucker's
    > > bet.

    >
    > You keep buyin' new ones when the floormats get dirty because then I'll
    > have solid used Subies to buy.
    >
    > See, it's all good!
    >
    > -John O



  6. #16
    JohnO
    Guest

    Default Re: Life expectancy for '01-'04


    > Nothing is better than a new car as I know the history of it
    >


    That's sure true. I wish I had the ability to go that route, but I have
    to go cheap where I can.

    -John O


  7. #17
    Todd H.
    Guest

    Default Re: Life expectancy for '01-'04

    "Dmitriy" <dvmartyn@oakland.edu> writes:

    > I'd love to have a brand new car, but IMO, from a financial standpoint,
    > it's foolish to buy a new car, since the car depreciates the most in
    > the first 2-3 years of ownership. According to Consumer Reports -
    > 40-60% within the first 4 years.


    If they did depreciate that much, that logic would hold.

    I originally went to buy a used late model Subaru, and quickly learned
    that they hold their value so well, and so few people re willing to
    part with them, that it made no financial sense. This was also an
    issue that I was looking in 2001, and wanted a 2000 or newer style of
    Outback of course.

    So I reluctantly bought new.

    You have to take a look at the depreciation curve for the specific
    car. If an 01-04 era Outback is still commanding $15k and with the
    sweet incentive financing you can often get on new vs used vehicles ,
    the incremental $ pay for themselves in having a vehicle that you're
    sure is properly maintained.

    Best Regards,
    --
    Todd H.
    2001 Legacy Outback Wagon, 2.5L H-4
    Chicago, Illinois USA

  8. #18
    Jim Stewart
    Guest

    Default Re: Life expectancy for '01-'04

    Todd H. wrote:
    > "Dmitriy" <dvmartyn@oakland.edu> writes:
    >
    >
    >>I'd love to have a brand new car, but IMO, from a financial standpoint,
    >>it's foolish to buy a new car, since the car depreciates the most in
    >>the first 2-3 years of ownership. According to Consumer Reports -
    >>40-60% within the first 4 years.

    >
    >
    > If they did depreciate that much, that logic would hold.
    >
    > I originally went to buy a used late model Subaru, and quickly learned
    > that they hold their value so well, and so few people re willing to
    > part with them, that it made no financial sense. This was also an
    > issue that I was looking in 2001, and wanted a 2000 or newer style of
    > Outback of course.
    >
    > So I reluctantly bought new.


    Exactly the situation here in Northern California.
    A 3-year old used Subaru is very hard to find. If you
    do find one, the depreciation is more like 10-15%.

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