See, we won't finance vehicles, and DH does all our repairs himself so financing and repair concerns aren't issues for us. Unless it's to buy our dream acreage and we put at least 50% down, DH and I have committed ourselves to NEVER using credit for any purchase again.
SUV or Minivan? - Page 2
Yeah, I realize that buying a used car would likely save a bit of money in the long run b/c new cars depreciate so quickly. However, we did not find any used mini vans for significantly cheaper than new ones- by significant I mean enough cheaper that it would still come out significantly less than a new vehcile when you take into consideration the increased fincancing charges on a used vehicle. To get it cheap enough you would have to purchase a car that was more than several years old and by then you also have to consider how many miles are on it and what other things might have gone wrong with it.
Also a lot of newer used vehicles are previously leased cars or rental cars and there are really pros and cons to those... people tend to beat up on those types of cars a lot more. Otherwise, you have to wonder why someone was trading in the car after just a year or two. So for us, buying new is really a peace of mind sort of thing on top of the financial aspects.
I initially hated the idea of getting a minivan. I loved my CR-V. But this is kid #4 and there is just no more room.
Love the new ride, Jaimee. Sooo jealous! I would have loved a Sienna or Odyssey when we were shopping, but they were out of our budget.
As for used vs. new. We've always bought used too. Usually just a couple of years old for considerably less money. We did find when we were shopping for the van though that they must hold their value pretty well. It was difficult to find a used van for much less than a new one unless we bought one with way more miles on it than we were comfortable with. We ended up finding one that was only a year old with 8k miles on it. Since it was so new and was a program vehicle with so few miles, we got really great financing on it. It came with all the warranties a new vehicle comes with and an interest rate comparable to new vehicles. It really was the best of both worlds... it was a couple thousand dollars less than a new one and came with the peace of mind a new vehicle comes with.
Love it, Jaimee! I didn't have much trouble getting used to mine. I moved from a CRV to an Odyssey, so maybe that wasn't too much of a jump, though. I super love the automatic doors. My girls LOVE the van. They sit in separate rows now. Ha! We only have one in a booster, so they can move around and switch seats easily. And we can bring the dog with us places.
Can I share mine, too...