Jonesey07
Full House
Any opinions on a new 2019 Corolla vs. a used 2016-2017 Corolla?
Car Buying (1 Viewer)
- Thread starter Jonesey07
- Start date
Price difference? Accident history, condition, mileage on the used? Manufacturer/Dealer incentives on the new?
I am a big fan of buying a couple years old with 10k miles or so on the vehicle. I am not a super knowledgeable person about cars. This system has worked well for me to maximize value and also still have some warranty left to cover your ass.
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Jonesey07
Full House
Trying to get the new down to $21,500 OTD. It is a 2019 Corolla SE.
The used is a 2016 S Plus, OTD at 19,211. https://www.toyotaofmurfreesboro.com/used-Murfreesboro-2016-Toyota-Corolla-S+Plus-2T1BURHE0GC547691
Mileage is actually 15,700.
The used is a 2016 S Plus, OTD at 19,211. https://www.toyotaofmurfreesboro.com/used-Murfreesboro-2016-Toyota-Corolla-S+Plus-2T1BURHE0GC547691
Mileage is actually 15,700.
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Jonesey07
Full House
We are pre-approved for $18,000 financed at the following rates:
New: 60 month 2.5%, 72 month 3.15%
Used: 48 month 3.75%, 60 month 4%
New: 60 month 2.5%, 72 month 3.15%
Used: 48 month 3.75%, 60 month 4%
Yeah the price difference for used is not very much based on what is posted above.
15.7k miles isn't bad on a near-three-year-old car. If you're serious about it, get the VIN and pay for the online accident history check. Don't take the dealer's word for it that it has clean history.
$19000 seems high though. Despite the low milage it's still a 2016. kbb.com has the 2016 S+ at 14K-17K. Haggle them down.
$19000 seems high though. Despite the low milage it's still a 2016. kbb.com has the 2016 S+ at 14K-17K. Haggle them down.
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Jonesey07
Full House
19k is out the door, since taxes in this state are ridiculous. I bluebooked it with the added features (moon roof, etc.) and the price before taxes was right about in the middle.
I asked if they would come down at all and was told no.
Consider the relative warranty coverage as well. Given the parameters you've outlined, I wouldn't even consider a 2016.
bentax1978
4 of a Kind
We just picked up a CPO 2016 with 12k miles and saved just over 40% off the original sticker.
When possible, I like to let someone else take the huge first two year depreciation hit
Of course to make the math work, you have to be saving enough by taking the pre-owned car to make it worth the trade-offs.
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Jonesey07
Full House
We just picked up a CPO 2016 with 12k miles and saved just over 40% off the original sticker.
When possible, I like to let someone else take the huge first two year depreciation hit
Of course to make the math work, you have to be saving enough by taking the pre-owned car to make it worth the trade-offs.
What type of vehicle did you purchase?
We just picked up a CPO 2016 with 12k miles and saved just over 40% off the original sticker.
When possible, I like to let someone else take the huge first two year depreciation hit
Of course to make the math work, you have to be saving enough by taking the pre-owned car to make it worth the trade-offs.
Agreed. You have to be saving enough money to make it worth buying used. If I was only saving 2-3k I would probably just buy new.
I haven't shopped around recently but yeah the initial depreciation can be significant.
I hate buying cars in general because I always feel I am being taken for a ride.... and getting milked. We bought a 2015 Sienna a couple years ago and probably stick with that for a long time.
kirchhausen
Flush
I am the business, and I bought my first "new" vehicle this summer since 2000. I bought a Toyota 4Runner, and the price new was only $1,500 more than a similar trim level pre-owned that was one model year older & with 15k miles.
Many vehicles do depreciate significantly when you first drive them off the lot, but some hold their value pretty well.
It appears the Corolla does, though I would caution to make sure you are looking at the same trim level when comparing prices. Once that is done, it's really up to you if it is worth spending X amount of money to have a greater selection of interior color, exterior color, options, etc (and also have much less miles).
Many vehicles do depreciate significantly when you first drive them off the lot, but some hold their value pretty well.
It appears the Corolla does, though I would caution to make sure you are looking at the same trim level when comparing prices. Once that is done, it's really up to you if it is worth spending X amount of money to have a greater selection of interior color, exterior color, options, etc (and also have much less miles).
bentax1978
4 of a Kind
2016 BMW 3-series wagon with <12k miles. It was fairly well optioned, original sticker came in just north of 55k. No way I could justify paying anywhere close to that much. At 32k with a CPO warranty, it's at least into the realm of palatable.
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Jonesey07
Full House
Holy crap this Camry is sharp.. Why does it have to have so many miles on it!
https://www.russellbarnettford.net/used-Winchester-2016-Toyota-Camry-SE-4T1BF1FK1GU571047
https://www.russellbarnettford.net/used-Winchester-2016-Toyota-Camry-SE-4T1BF1FK1GU571047
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Jonesey07
Full House
https://www.hyundaiofcoolsprings.co...-Elantra-e211baf50a0e0ae87ad66e99ee19bc03.htm
This was sent to me as an option. Anyone with opinions of Hyundai's vs. Toyota's?
This was sent to me as an option. Anyone with opinions of Hyundai's vs. Toyota's?
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Jonesey07
Full House
Right! I could sell mine for 4-5 times it's purchase price in less than a year!
In unmistakable chipper mode:
-Drive samples
-Save, save and save for a lightly used Porsche, one or two years old. Pity to spend on anything else, since you 're gonna end up buying one in the end.
From personal experience.
-Drive samples
-Save, save and save for a lightly used Porsche, one or two years old. Pity to spend on anything else, since you 're gonna end up buying one in the end.
From personal experience.
By the way, they hold their value pretty well (especially if you bought them as "jahreswagen" or one-year-olds straight from the dealership) but they 're so fucking sweet (if you love driving) that you can't really sell the goddamn thing, unless really hard-pressed.
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