Why Buy a New Car?

When browsing through Craigslist I’ve noticed a number of dealers using the tagline: “Why buy a new car?” Case in point below.

Now, the dealer throws that in to say: Hey, dummy. Don’t waste your money buy a new car when you can buy a great used car for cheap. Makes sense, right?

The thing is, that only works when the used car is actually cheaper. Let’s take a look at this ad in particular.
Craigslist Why Buy New Car

Craigslist 2010 Nissan Versa

Craigslist Nissan Versa Small Print

Oh man! If I could get a 2010 Nissan Versa 1.8 S with 21,000 miles for $13,900, why would I ever buy new?

Well, I think I would definitely rather buy a NEW 2011 Nissan Versa 1.8 S if I could get it for less than the 2010 used one. And that’s exactly what I could do.

TrueCar 2011 Nissan Versa 1.8 S

Now, it should be obvious to the dealer why I might want to buy new. Zero miles. Brand New. $558 less. Both of these car prices don’t include tax and licensing fees. I am seeing this across the board when I’m looking at used cars, particularly from Toyota, Honda and Nissan. Sometimes people are paying more for a used car than they are for a new one on a great deal. Seems a bit ridiculous to me, but maybe somebody out there could explain the logic to me.

 

5 Responses to “Why Buy a New Car?”

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  1. I’m scratching my head on this one.. I don’t know how a dealer thinks they can sell a 2010 used model for the same price as a brand new 2011.

    I assume you used Trucar to come up with that best local price. I just took a look at KBB to see what they showed for the fair purchase price. KBB has a fair purchase price of $15,123. Maybe the dealer is basing it off of that and trying to find an uneducated consumer to sell that 2010 model to.

    • Will says:

      I agree with your assessment, I think that’s what the dealer is banking on.

      I also think it goes to show a couple of things:
      1. How misspriced the used car market is vs. the new car market in respect to particular cars. I think sometimes people just see MSRP of a new car and then see what a use car is going for and go used (since that used Versa is nearly $2k less than 2011 MSRP).
      2. How searching for a great deal on a new car right now can beat out buying a used car.

      This doesn’t mean that I intend to buy a new car as my next car. I actually plan on buying used because I would likely buy something in the $5-6k range. But I’m always open to changing my mind about certain things and don’t just want to dismiss new cars because as a general rule buying used saves you money.

    • Krystal says:

      Field, the first thing you got wrong was &qs;t;Jeuus&#39os litle brother." Don't you know Jesus was black? And you call yourself a field negro Shame on you!

  2. Alexa Vedri says:

    It may be true that Nissan Versa doesn’t really stand out in terms of performance and comfort but it is very advantageous in terms of bargain-basement pricing.

  3. Russ Finegold says:

    I still don’t think that buying a new car is a good deal. I’d rather buy a $5k car and keep running it into the ground. This does give some food for thought though.

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