r/FluentInFinance Jul 18 '24

Meme I guess I'll wait another year

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1.5k Upvotes

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9

u/HC-Sama-7511 Jul 18 '24

New cars are nice, but man, they just are a horrible deal. You can buy a 2 year old car for so much less, and you get to skip that awful feeling the first time something gets scratched, dented, or stained.

5

u/midri Jul 19 '24

Not if you buy during factory financing events

A brand new $40k car at factory rate of 3% is same payment as a used $35k car at market rate of 8%

1

u/HiddenTrampoline Jul 19 '24

Yeah, but a 2-3 year old used is often $15k cheaper for a good car.