Brand New or Second Hand Car

[bjreyesmd]

I don't get the apprehension against a secondhand car if you know the owner and are given complete transparency on the condition of the car.

I also don't get why people are so excited to buy something that depreciates the moment you bring it out of a dealership, as opposed to a better vehicle that can be bought much cheaper because you've taken advantage of the depreciation.

The only time a secondhand car isn't good value is if it has underlying problems that will cost too much to fix (i.e. Flooded vehicles).

I guess buying something new always brings excitement to people. The ownership factor is deeper when you are the first owner compared to when you are the second. There are intangibles at play that can't be explained by practicality. Take it from someone who started with 2nd hand and now is able to buy brand new. For 800k, would I buy let's say an Ecosport over a 2nd hand Forester? Hell yeah!