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      02-13-2009, 02:21 PM   #10
///M1
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Drives: Many
Join Date: Feb 2009
Location: North of 7K RPM

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Well, not to sound too criticizing, but there are some inherent flaws in your analysis (which in no way should take away anything from your car, it seems it was kept in prestine condition and I wish you luck).

If we didn't find ourselves in the current economic scenario - credit crunch where banks are not lending, people either don't have jobs, or are earning substantially less, or are fearing they may be losing their job, etc. etc. etc. (not to further blacken what is already a grim picture), then saving a few bucks by buying used may have some merit. But put this in reality and current perspective, i wrote a similar note to a gentleman who was wondering why his add wasn't generating enough interest:

At the end of the day you are trying to recoup most of what was a substantial investment (including mods which btw most buyer will either attribute no value, or is some cases even detract from the value the way they see it). In this economy cash buyers are tough to come buy, at any level, let alone above $30K. Even lending institutions are shutting off even good credits, and most people prefer to get a 2% interest from BMW and pay a few K more to get into a brand new car, than pay 8% bank loan on a used car(if they even get approved for such!). In fact their payments may be less on a higher sticker price financed at 2% rather than 8% on a lower principal balance and on a used car on top of it all. And of course the added benefit of being the first owner, rather than hoping original owner followed brake in procedures and babied the car, and they can option it just to their liking (and of course having an extra yr of maintenance and warranty).

So $5K is perhaps meaningful on an all-cash deal. But if choice is financing $35K at 8% and buying used, vs. financing $40K at 2% and having a brand new car with all the options you want and none that you dont, proven history, longer warranty, and all the goood stuff associated with a new car, then the 'arbitrage' of buying used has all of a sudden disapated...
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