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Not to start a shit storm but unless you plan on owning something forever, avoid the American cars. The hold their value the same as a strainer holds water.
They still hemorrhage value Even if you buy it 5 years old, it still drops faster than there toyota, honda, Nissan, act competition.Simple solution is not to buy new and take advantage of them loosing their value.
What recalls? I worked for Nissan up until last year and the only engine recall effected a small number of cars. And after the fact, even 2/3 of those cars weren't actually effected. I did however see many many 2.5 liters in fleet cars with over 150k on them and no problems. Plus it's the peppiest 4 cyl out of the cars mentioned.
PS I currently work for Toyota, so I am not biased.
Simple solution is not to buy new and take advantage of them loosing their value.
They still hemorrhage value Even if you buy it 5 years old, it still drops faster than there toyota, honda, Nissan, act competition.
Not to start a shit storm but unless you plan on owning something forever, avoid the American cars. The hold their value the same as a strainer holds water.
I am intelligent enough to know cars are not an investment(normally, Gramps has two Vettes that defy that logic). However, like any loss situation, it makes good sense to manage that loss. Meaning you stay away from the higher loss potential.Cars are not investments. It's a huge mistake to think of them that way.
Trade-ins are ALWAYS a rip-off. I won't pay more than $2000 for a vehicle in good shape. Which is why I drive a '91 and a '95, both with over 200K miles.
They are both worth next to nothing, but they get me where I need to go.
And they way you do that is to buy 20 year old vehicles for pennies on the dollar.
How long does it take a brand new Toyota Corolla to lose $2000? How long does it take a 1998? What about a 1988? All of these are fuel injected and get mileage well into the 30s or higher.
Yes, I know people think these things die after 100,000 miles. Except, they don't. The Prizm will probably have tripled that by Christmas. Certainly by the following summer. The Exploder isn't too far behind.