Commuter cars (not collectibles) sink in a value like a rock. If you take malicious care of them or not, heck if you don’t even drive the thing, it drops in value significantly.
Take for example this 2012 Toyota Camry LE that sold for $13,500 and had 2,000 miles on it.
The MSRP for this car was $22,600. the person who sold it to the dealer probably got less than $11,000 for it. This allowed me to conclude that the previous owner who drove it basically not all (2,000 miles in 8 years), took 23,000 dollars and turned it into 11,000 dollars, and basically kissed 12,000 goodbye by buying a car that they didn’t even drive.
I hear all the time people like to “know the history of the vehicle” so they buy brand new cars, but they don’t even bother to do their own maintenance or do simple things like changing their own oil. How is this of any benefit? You bring your brand new car to get maintenance done at a shop. They report on the VIN that maintenance was performed. If was actually done or not, if they used high quality products, if it was done properly, who knows because the owner didn’t actually do it themselves. Don’t you have that same uncertainty in the history of the maintenance of the vehicle when you buy a used car that has reported maintenance on the VIN?
I know that if you buy a new car you know if it has been in an accident or not. But can’t you just get a used car and check to see if it has been in an accident? If you don’t trust the vehicle history, can’t you just go around and measure the paint thickness to determine if the car has been in a crash and has repainted, or check to see if the panels are aligned correctly?
I don’t see the incentive to ever buy a new car (not used) because of the financial hit you take in it. Even if you completely disregard the money you loose in buying a new car, I don’t see any incentive in getting a new car over a used one, especially if you don’t do your own maintenance. I mean if you do your own maintenance than MAYBE it would be justifiable. You could even use parts that are ever better quality than the OEM.
Can you help, I don’t see the incentive?