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Unread 06-13-2015, 12:33 PM   #1
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Question Question about New Car Price Depreciation.

I live in South California, and am currently contemplating buying a used or new sedan/compact (something like civic/mazda3).

I've read a lot about high depreciation on new cars:
- about 10% as soon as drive out of dealership
- atleast additional 10% in next year
- reaches about 60% of its value in 3 years
And so on till it is about 40% of value after 5 years of owning

But yet, I am unable to see any private party or a dealer whose used car prices are anywhere near to above depreciation figures compared with current new car prices.
  • Private parties are selling 3 year old cars for hardly 2-3K less than current price of new car(I am sure they must have paid much higher money on insurance than this)
  • Dealers are no better. They are selling one or two year old cars with 30-40k mileage at just 2K less than price of new car (same trim)

Where is the high depreciation?? I don't see it anywhere in used car prices all over.

At the end, it just feels like buying a new car is best option. Same thought is shared by many of my friends looking to buy used car after doing months of hunting on craigslist and used car dealer websites.

care to share any thoughts??

Last edited by cool.aquarian; 06-13-2015 at 12:39 PM.

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Unread 06-13-2015, 04:33 PM   #2
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It really heavily depends on the car. Some cars hold their value, others don't. I think you'd be hard pressed to find any noticeable differences between a 1-2 year old 30-40k mile car and a brand new one. Unless there's something on one of the newer cars that you just have got to have, I'd just go used and save a couple grand if I were you.
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Unread 06-13-2015, 05:40 PM   #3
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My brother just got himself an FRS that the guy bought new and had to sell at a loss for some reason, The car is literally brand new. I'd buy used and gain off of someones misfortune. I know I sound like a dick, but that's the car game for ya.
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Unread 06-14-2015, 08:21 AM   #4
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It all depends, I bought my mustang with very little mileage (5k) for about 12k less than sticker in the year it was produced.
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