carbuyingsupport.com Greg Macke - Your Car Angel explains the cost difference between buying a new or used car. The video Should I Buy a New Car gives you the answer to this question. The "Sweet Spot" is the time in a the life of the car that the repair cost as well as the depreciation are low. In other words it is the best time to buy and own a car.

Comments

    • Adam Steele
      Adam Steele

      Answer: buy Scotty Kilmer's 1994 Toyota Celica.

      about 13 hours ago
    • Captain Scarlet DX
      Captain Scarlet DX

      Michael Bolton sure does know a lot about cars

      about 3 days ago
    • Skoozatz
      Skoozatz

      Should I buy a new or used skateboard?

      about 5 days ago
    • Kyle Rider
      Kyle Rider

      I bought a brand new car two years ago but the price was nearly the same as the same car I bought new as a two year old one. The sticker was usually 23,700 and I bought it brand new for 18,900. Plus a ten year power train warranty. And bumper to bumper for six years or 100k miles which ever comes first. Plus free oil changes as long as I have the car.

      about 6 days ago
    • Anna Vajda
      Anna Vajda

      Well I don't drive so why ask me?

      about 7 days ago
    • Morten Friis
      Morten Friis

      Even though there are no evidence as statistics to prove his point.. think most will have the same experience.. buy a 2-3 year old car with 25.000 km on it, and you will still have a “new car” with low millage and low maintenance cost and it has taken the worst depreciations.

      about 7 days ago
    • An K
      An K

      This lady saved up 15000 to buy a decent second hand car it was around 7 years old, her car died engine stoped after 3 montbs it was all th3 spare money she had was to buy a second hand car, now shes cryung her family is walking in the hot sun school and doctor appointments and catching public transport to shop's , there was no warranty on the car,. She is niw begging to someone to sell her a $1000 dollar car because thats her budget for now and in australua its different she can only buy a bomb at that price with problems sgain.

      about 7 days ago
    • Eoghan Cullen
      Eoghan Cullen

      Thanks Jordan Peterson.

      about 8 days ago
    • Juan Garcia
      Juan Garcia

      Jordan Peterson hippie brother 🤣

      about 8 days ago
    • Brandon Harris
      Brandon Harris

      Man I ain't never getting a new car ever I don't even want one they all look like cheap junk nowadays

      about 8 days ago
    • Daniel Jahn
      Daniel Jahn

      Jordan Peterson with a pony tail

      about 9 days ago
    • Fiberlock Abatement
      Fiberlock Abatement

      Agree 100%
      Even better suggestion:
      Buy a car 2-4 years old with some warranty STILL on it with the option to buy extended.
      Cheers

      about 9 days ago
    • Ali Faridkhou
      Ali Faridkhou

      Does this sweet spot apply to financing as well or it's all about buying in cash? I mean, is it worth it to finance a car that's 2-8 years old at a higher interest rate as compared to leasing a new car with lower interest rate?

      about 9 days ago
    • Sam CarLegion
      Sam CarLegion

      We have a city with 10 people, all 10 of them take your advice: who’s buying the new cars and turn them into used?

      about 9 days ago
    • Alex Gordon
      Alex Gordon

      I buy and sell cars... and I'd like to add that if you buy any poorly made car, it will never have a sweet spot... it will all be bad... i like hondas because they are easy to work on... timing belt, starter, etc is relatively easy compared to others. Also... another huge point that is not mentioned here is INSURANCE... when you buy a car cash and just get liability on it, you save tons! i have friends that buy new cars and they pay so much on insurance... $50 - $70 /month for my honda accord that runs perfect that I got for $800... only insurance cheaper for me was for motorcycles...yeah i have gladly put $600 into it (radiator fan, timing belt, water pump, all new tires, new lights to leds, bosch wipers, and clutch slave... so we'll say $1400 but only $800 upfront and the rest could wait until I had the money/time to put into it. my 3 sisters don't want to know anything about cars... they buy new and spend so much money... about $4000 PER YEAR on their car (300/month, 150 more in insurance and about $1500 every year to mechanic labor) ...I buy "Nice" cars... and sell them for more.= for income.. but i keep that stick shift honda... it's my legal go kart with ac... :) i've had guitars, motorcycles, and even mountain bikes that I bought and sold for more than that car.. it just doesn't seem fair. ha!

      about 9 days ago
    • JS Breton
      JS Breton

      I bought a bunch of used cars before but the last 3 cars i bought were in that sweet spot and the three of them ended up being a nightmare (ok the were fords). I bought a new toyota and I'll never go back to used cars.

      about 9 days ago
    • kinerry
      kinerry

      You forgot to include the warranty benefits and reliability when it matters most

      about 10 days ago
    • Brian Pacheco
      Brian Pacheco

      If you're spending 100% of the price of the car when it was new at 96,000 miles that's insane. It would make people want to buy a used car even more if there was a true curve for repair costs which would be way less than 50% at 9 years.

      about 10 days ago
    • Monsterfrog
      Monsterfrog

      Just buy a 7.3 idi and change the oil once a year, it'll run until it loses all compression in 10 yrs.

      about 10 days ago
    • BunnyCentauri
      BunnyCentauri

      So good luck if the car was abused for 20k miles & you get handed a crappy warranty

      about 10 days ago
    • Nick Bargas
      Nick Bargas

      If you know vehicles and you know reliability you can get a 15 to 20 year old car with little or no maintenance for pennies on the dollar and they are more reliable than vehicles that are only 5 years old. A couple of examples: 1) 5th generation Honda Civic 1991-1995 manual will go for 400,000 miles if properly maintained and gets 35+/MPG. After 400,000 miles you can rebuilt the motor and then get another 400,000 miles out of that. Those motors are all over the place and can be purchased for around $200. You also save thousands of dollars on car insurance because insurance costs are figured out by the value of the vehicle and the type of coverage you get. On a vehicle that is only worth $2000 per tax value is not worth getting anything more than liability insurance because even if you are in an accident and it's not your fault the insurance company will only pay out what the car is worth per tax value so liability coverage is good enough to cover the other vehicle if the accident is your fault. Example 2) 4th generation Volkswagen Jetta TDI(diesel) manual 2000-2003 will go for 500,000 miles if properly maintained and gets 45+/MPG. The reason I go with manual over automatic transmission is because the auto transmissions have high risk of failing after 200,000 miles and it's a heavy price to fix as the manual will need a clutch replacement but a much cheaper fix. Most younger people want a vehicle for all the push buttons, computers, blue tooth, auto everything, computer everything in today's world and that is fine but be prepared for some very expensive maintenance bills and if something goes wrong after the warranty those new vehicles cost thousands of dollars to fix. If money is not an issue for you then I would say buy a new car and replace it every 3 years that way you are always covered under the warranty but you take the depreciation $$$, but I believe MOST people even the ones that have lots of money still want the best deal available for the price/reliability. I always believed a vehicle was a means of transportation to get from A to B without issues but some people look at vehicles as a status symbol and pay top dollar for that symbol.

      about 11 days ago
    • HondaMan Vtec
      HondaMan Vtec

      I Allways drive Honda.. the sweet spot is from 5 years old up to 30

      about 11 days ago
    • azan subhie
      azan subhie

      the latest car industry produce tons of stupid car with full stupid automation from car seat to door handle. little failure will cost alot by unexprienced technician. i prefer less automation car, cheaper more durable.

      about 11 days ago
    • Penguin Conversations
      Penguin Conversations

      My uncle is a wealthy doctor and he only ever buys cars where the oil changes are easy, he buys them 1-2 years used with mostly highway driving on them (his town has a lot of highways), changes the oil every *15-20,000* kilometers, then sells the car when it gets to about 100,000 kms.




      He's done this now for several cars and has never once had to pay for anything other than a tire swap.

      about 11 days ago
    • jd5179
      jd5179

      Except for any fca, gm, mercedes or bmw

      about 11 days ago
    • Andrés Leiva
      Andrés Leiva

      Nah, I bought new. Too many years buying used and repair costs burn my walltet. The hell with the sweet spot. Save and buy new.

      about 12 days ago
    • An K
      An K In reply to Andrés Leiva

      You must be on a good income to buy new all the time, i just brought new and they shouldn't of approved it in Australia we have responsible lending its a law here and 25,000 dollars is not responsible for my wage so if i loose the car im calling im the lawyers i think to fight for me, i havnt lossed a car to a loan before but you never know.

      about 7 days ago
    • Cryostal
      Cryostal

      Just buy a bike

      about 12 days ago
    • kubanskiloewe
      kubanskiloewe

      bullshit ! i depends on quality and luck ! My Lexus is 10 years old with lots of mileage and it has nearly no increase of repair costs since years !! Take a Audi or BMW and you will have huge repair costs sometimes in warranty time !

      about 13 days ago
    • Robert Llinares
      Robert Llinares

      cars are build so well now days? you are high?

      about 13 days ago
    • steitz t
      steitz t

      Good advice.

      about 13 days ago