New Vs. Used: Proving up the Depreciation Factor

In our recent article Discovering Depreciation we make a hard case for buying used vs. new. To highlight some reasons: When you drive off the lot in a new car, you just paid retail pricing for a car that is now only worth wholesale value. On top of that, most cars lose 15-20% a year in value. You are also putting wear on the tires, using up the manufacturer's warranty and contributing to the normal depreciation of any car, new or used.

We have decided to examine some of our late model, low mileage inventory and compare price, warranty and payments to its' new predecessor.

2012 Acura TL with Technology Package at BobStallingsCars.com $36,995
7053 miles. Fully Loaded with 3.5 V-6 Engine, Sequential SportShift Auto with Paddle Shifters, Satellite Radio, Navigation, Rearview camera, HID Headlights, Keyless Start, Heated Front Seats, Automatic Climate Control, Bluetooth, Acura ELS Surround Sound System, USB/iPod Integration, Song by Voice, Real-time Traffic/weather, AcuraLink, Voice Recognition, Tire Pressure Monitoring System, Manufacturer's Warranty. (Don't forget to factor BobStallingsChampion Checklist Pre-Inspection and Complimentary Luxury Loaner Car use for future service and maintenance needs)               

$548.09 Per Month with $3,000 Down Payment. 2.24 for 66 Months +TTL with Financing From BobStallingsCars.com. Interest Paid $2232.55

-VS.-

New 2012 Acura TL with Technology Package at a local Acura Dealer $40,984
0 miles. Same equipment.

$1069.81/month with 0.9% over 36 months with $3,000 Down + TTL. Interest Paid $529.33

A BobStallingsCars.com client will save roughly $4000 if you are a cash buyer. Save roughly $1800 if you factor in the interest that you would pay. Either way you slice it, buying a Pre-Owned Acura in Carrollton from BobStallingsCars.com is a better value.  

2011 Infiniti M37 at BobStallingsCars.com $40,995

27,923 miles. Carfax 1-owner vehicle* Back-up Camera* Navigation* Sunroof* Heated and Cooled front seats* Homelink Garage Door Opener* Xenon Headlamps help light up the road* Memory Seats* Dual Zone A/C* Tire Pressure Monitoring System* Heated Steering Wheel* Bluetooth* Power Tilt and Telescopic Steering Wheel* Upgraded Bose Stereo System* Keyless Start

$628.53 per month with $3,000 Cash Down, 2.24% over 66 months +TTL. Total Interest Paid $2487.74

vs.

2012 Infiniti M37 from your local Infiniti Dealer $52,045

0 miles. Same equipment.

$1330.54 per month with $3000 cash down, 3.9% over 48 months +TTL. Total Interest Paid $4820.91

The BobStallingsCars.com client would save about $11,000 if they were paying cash. Or, if financing, our client would save $13,000!

Navigating the Finance Road can be difficult in today's economy. With so many options it is scary out there. Come to BobStallingsCars.com near Frisco, Dallas, Addison and Plano and make it easy on yourself. Or fill out our finance application here to get a good idea of what rate you would qualify for.