Originally Posted by vipercrazy
dont feel bad, i never really did specify BRAND new car, "new" in the title was supposed to depict something other than the car she is driving atm. but yea she is a freak about owning a new car, and was wonder if 30k can buy you a benz that would run and not rack up the bills.
There's always two ways to look at it, when you buy a new car about 10-15% (or more depending on the car) of what you're paying is almost instant depreciation. So you buy a used car for 30K, you could argue (unless you're paying over market) that you're really getting a $34,000 car.
However, part of the benefit of buying new (if you buy a decent car anyway) is that you get the full warranty, so you're assured of having no repair bills for a very long time...so if you're a bit thin after making the payments on the car, you're still okay. Even with a CPO Benz you're only getting a year, so then you're looking at expensive aftermarket warranties, which are both expensive and have interesting deductibles, when they cover the issue at all.
While benzes are terrific cars and if properly maintained the big things are pretty much bulletproof, they have a lot more things go wrong with them than do most of the cookie-cutter cars coming out of Japan. I think about this with my mom, she'll be in the market for a (brand) new car in the next 18-24 mos, while I'd love to see her in a Benz that's not realistic unless I hit the lotto. Her Camry has been bulletproof, the only repairs over 8 years of ownership have been wiper blades, brakes, a bulb here or there, a battery, a timing belt and a water pump (done as a preventative with the timing belt). So in her price range she's looking at a similar replacement or a 3-4 year old benz. New benz cars have more problems than new Toyotas (just continuing the example), so you know a 3 year old benz is going to have more problems than a new Toyota. Add safety to the mix and now the game is different, so you might compel her with that argument. And ask yourself, if mom buys the used benz and lots of problems ensue (so even if you're able to fix them, but she's unhappy because you're working on it a lot and it's stranded her a couple of times) how are you going to feel?
When I bought my used benz I moved out of a Pontiac. In the three years I've owned the benz I've put more money into it and replaced more things than I did in the 8 years I owned the Pontiac. (For that matter, other than a Z-28, the Benz has been the most expensive and "problematic" car I've owned.) Still, I maintain it myself (as I did the GM) and wouldn't go back, the benz is just a joy to drive. If I was close to my mom and could maintain her car for her then that would probably tip the scales, so that might be your argument: "Mom, I care about your safety, please look at a used 4matic MB, I'll work on it when it's needed." (Just be ready to get lots of "experience" in this way....) I did purchase an extended warranty with my car just to be sure I was covered for the first couple of years in case something huge let go, but nothing did. Since it expired I'm waiting for the other shoe to drop.
Take care and enjoy the ride,