Quote (Sopranos @ Sep 1 2013 03:29pm)
I only buy new cars, personal preference.
Many here will tell you to buy used cause you take a hit on buying new cars when you go to trade then in down the road, but you build up equity in them as you go along so it really isnt a bad decision.
do you have a car in mind you would like to buy?
Actually a new car is a worse way to build equity compared to a used vehicle. As soon as you sign the papers saying the new car is yours. (now used) that money is lost and gone forever. you can buy car x with 5k miles, put 10k miles onto it, and come out in roughly the same spot as you started. you can factory in anything you want. 99 times out of 100 a used car is easier to "build equity" (lol) than a new car.
and i lol at building equity because unless you have a trailer queen or a barn find, there's not much equity to build.