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Debunking the myth of new car depreciation

5053 Views 13 Replies 9 Participants Last post by  Redlinez
I'm sure you ALL heard the "don't buy a new car! It loses so much value after you drive it off the lot" crap. I heard it from everyone. But then today I got a very interesting call :)

I bought a black ST without any options for 21k about a month ago. A guy from a local dealer (I traveled all the way to vegas to get mine, was well worth the trip) called me today saying they have a used orange ST at a tent sale. It has painted wheels and a moonroof. and SIX thousand miles. They are asking $25,401 for it!!! I almost died. A tent sale.... 6k miles... and that's almost how much you'd end up spending on a brand new one. What a freaking joke.

Made me feel a heck of a lot better about my purchase. I can probably turn this thing around for a profit right now! But I would never do that :) I love my baby too much. Anyways thought you'd all enjoy that. Have a good weekend!

here is the car listing for those interested -

If you want the sales guy (who honestly is a douchebag, but he said I get $100 if I sell it) his number is 801-687-5770 and his name is Doug
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The best way to buy a new car is with the fewest options you can get
Not if you really want the options and are willing to pay. It appears that price is your priority. For me, I enjoy the options and I'm willing to pay for them, within reason of course.
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I do agree with you on some of the options. The seats are worth it to me. I autocross and they are great for that. The wheels I could care less since I replaced them anyway. The sunroof is another option I enjoy alot. Nav is OK but not required, I only took it as part of the package and they made a deal to give me a better price on my trade if I took this one as is. I generally keep my vehicles for about 3 years and put lots of miles on them, but this one might be different. We'll see.
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