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      10-06-2019, 11:35 AM   #68
allinon72
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Drives: 20' M2C, 23' X1
Join Date: May 2017
Location: Indianapolis, IN

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Quote:
Originally Posted by AlpineWhite_SJ View Post
You need to do the math and figure out if the depreciation outweighs the extra finance cost and maintenance on a used car. Loan rates are typically higher on a used car so there’s a higher finance cost over the life of the loan and potentially higher repair and maintenance on something like a lease return with 30k miles. I drive my cars relatively little (sub 10k) per year so the warranty coverage and lower maintenance costs combined with special dealer finance rates can mean an overall lower cost of ownership in the typical timeframe most hold onto a vehicle.
I challenge you to find me an example of the same car, one brand new and one with under 5,000 miles, that have drastically different costs of ownership such that it makes sense to buy the new car, considering the slightly higher rate on the "used" car.
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