Paying cash for "luxury" cars...

[gamecock43]

I just bought an SUV brand new last October. Several reasons why, mostly being that
a used jeep wrangler is only about a few thousand less than a brand new Jeep. They really hold their value.
Jeep was offering a lifetime powertrain warrenty on the sales of their new cars.
Jeep owners can be hard on their cars...so buying used is Risky

Then there were several economic reasons I chose a jeep in the first place...
BTW- Jeeps DONT show their age because the body style has never changed.

[m3racer]

Ofcourse it's a bit risky to get a used car because you don't know the defects it may have but then again used cars can be a very good bargain

That's why you shouldn't buy used without a PPI.

[disneysteve]

Ofcourse it's a bit risky to get a used car because you don't know the defects it may have

You don't know what defects a new car may have either.

Our last new car was a 96 Dodge Grand Caravan. We had it for 4 years before it was consumed in a fire caused by a manufacturing defect with the grounding of the gas tank filling pipe. During those 4 years, it was recalled 4 or 5 times for various problems. One of those problems was a defect in the built-in car seat that could cause the belts to lock and trap the child. Prior to the recall, our daughter got caught in that seat and my wife had to use her pocket knife to cut through the belt to get her out.

When you buy a car that is a few years old, many of those manufacturing flaws have already come to light. There is a service record for the model that you can review and know if it has been having an unusual rate of problems. Can't do that with a new car.