Originally posted by f500:
If new car prices will depreciate 20% for 1st year, 15% for 2nd year and 8.125% for the balance 8 years according to industry estimate, what's the reason for buying a brand new car and not a 2 year old car?
It's definitely cheaper to buy a car of 1-2 years.. however, you must bear in mind that you will be the 2nd car owner. If you are selling again within the next 1-2 years, the next owner will be the 3rd and many will avoid buying 3rd or 4th hand car unless they really have no choice... Getting a new car is still better if you can maintain it at least up to the first 3 years. Just my thought