Post by
Kompresshun »
https://forums.nicoclub.com/kompresshun-u133574.html
Wed Jul 31, 2013 7:28 am
Well it sounds like the mom is wanting to buy her college graduate a vehicle that will last. If depreciation is really is a worry in this situation, then sure, maybe a CPO is worth a look. Although in my searches though and especially with the type of vehicle we're considering here, there is not going to be $10k worth of depreciation between a new Sentra and a 2-3 year old one. In fact, just a quick search shows a CPO 2010 Nissan Sentra going for $13,000-$14,000. That's a $3,000 savings roughly, for something with 30,000-40,000 miles on it. Now I don't have time to run the numbers on insurance, but I would rather pay $3,000 more to get something that will have 3 years more warranty and life in it.
I'm not putting warranty over depreciation and I didn't when we bought the Sorento. Personally I just looked at the obvious numbers and decided that a CPO was not a sensible purchase. It obviously made sense when you purchased your wife's TSX, but even when we were shopping I looked at CPO's in all models and it was the same thing as above. A $3,000-4,000 difference with 30,000-40,000 miles. The depreciation may have been there a few years ago, but i'm just not seeing it now in used vehicles unless you go with high mileage.
Now if we're considering cost to insure, then sure it may make a little more sense to look at something older. That's research they need to do on their end though. For us our rates actually went down with the Sorento compared to our previous vehicle because of safety ratings and features on the vehicle. The Sorento is 8 years newer than our previous SUV. Now, we're 28 years old though and it could be completely different for a college student.