Older Cars vs. New: Balancing Depreciation and Reliability
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- By Dushyant
- (@dishs)
In this riveting video from the one and only Doug DeMuro, the eternal conundrum of choosing between an older, potentially quirky car and a shiny new performance machine is dissected with surgical precision. Doug dives headfirst into the heart of the matter, shedding light on the crucial factors that should sway your decision. From your risk tolerance to your love (or disdain) for modern tech, every detail matters in this automotive saga.
With a flair for the dramatic, Doug paints a vivid picture of the choices at hand. Should you embrace the nostalgia and character of an older car, knowing that it may demand costly repairs along the way? Or do you opt for the allure of a new, high-tech marvel, only to watch its value plummet faster than a lead balloon? The stakes are high, and the decision is yours to make.
Drawing from his own experiences, Doug extols the virtues of striking a balance with a certified pre-owned or gently used vehicle. It's the sweet spot where depreciation woes and reliability concerns can find harmony. But for those who crave the raw, unfiltered driving experience of yesteryear, older cars hold an irresistible charm that no amount of depreciation can tarnish. With sage advice and a touch of wit, Doug navigates the treacherous waters of car ownership, guiding enthusiasts towards a decision that aligns with their automotive passions and financial sensibilities.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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Doug discusses the financial aspects of buying older cars versus newer cars
The importance of considering the usage model for the car
Discussion on the driving experience of older versus newer sports cars
Mention of buying a Porsche 997.2 and its value appreciation
Comment on the concept of buying the seller and not just the car
Experience with CPOs and extended warranties
Importance of being comfortable with DIY maintenance for older cars
Financial comparison between buying older cars and new cars
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Advice to budget for immediate maintenance and repairs when buying an old car
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