Your opinion on buying a car. Finance/Cash, New/Old, Expensive/Cheap

[BuddysBiggestFan]

Regretting selling my car when COViD started in 2020.

Bought my Ford Ranger XLT 2015 with 55000 kms for $30000 in 2019, put $2K wheels and tyres on it, then decided to sell it before COViD hit in 2020 with 80000km on it. Didn’t need 2 cars and 2 regos. Tried to sell it for around 28-29000. Had hardly any interest and was struggling to sell it. Then COViD hit. I wanted to get rid of it so dropped it to 27K and ended up selling it around April/May.

Just saw the same model as mine with similar kms at a car yard on carsales selling for $45K………FML

 

[juss]

I'm about to consider a novated lease. Anyone used?

 

[HirdyLannister]

I'm about to consider a novated lease. Anyone used?

I currently have a novated lease for my ford ranger, worth it with a car that doesn't tank in value imo.

 

[sabre_ac]

I just pulled the trigger on a new car after realizing how inflated the used car market was, assuming I hold this thing for 7-10 years I am happy with my decision. That said, over a decade ago I bought a new car on finance when interest rates on new cars were 10% and after that experience, I swore I'd never buy new again.

 

[BuddysBiggestFan]

I just pulled the trigger on a new car after realizing how inflated the used car market was, assuming I hold this thing for 7-10 years I am happy with my decision. That said, over a decade ago I bought a new car on finance when interest rates on new cars were 10% and after that experience, I swore I'd never buy new again.

How inflated is the new car market though?

 

[sabre_ac]

How inflated is the new car market though?

Hard to say without the data in front of me, I did compare a 1-2-year-old car with the comparable new car model and didn't notice a 15-20% difference I'd normally expect.

 

[owen87]

How inflated is the new car market though?

Weirdly, I don't think it is inflated. A family member is looking at selling their Navara which has somehow increased in value, and getting a new car would save them money on the lease.

 

[MirkosMangle]

Good used car for me is a great option. If you take a new one - you lose 20% as soon as you leave the store. One little moment here, when i need a replacement of some pieces i always spend some time to search for it in auto parts data. It saves lots of time when you don't need to make a return or to start a search from the beginning