mike28
05-20-2005, 02:25 AM
So I'm in the market for a new car, and had the following conversation with my dad. Would it be more profitable to buy a used car, say $10k worth and pay only liablity, then purchase a new car ($20k) 6 months later with full coverage; Or to just purchase a new car now and pay full coverage.
The only way I think I could prove that buying a new car now would be the best option would to be able to prove that the deprication on the used car plus the chance of being in an accident and paying full value for the used car and medical fees would be enough to warrant the outright purchase of a new car.
So...the numbers again
Used Card, 10k
New car, 20k
Full coverage- 2500/6months
Liblity-1500/6months
chance of being in an auto accident 1/7
Anyone help me get a new car /images/graemlins/cool.gif
The only way I think I could prove that buying a new car now would be the best option would to be able to prove that the deprication on the used car plus the chance of being in an accident and paying full value for the used car and medical fees would be enough to warrant the outright purchase of a new car.
So...the numbers again
Used Card, 10k
New car, 20k
Full coverage- 2500/6months
Liblity-1500/6months
chance of being in an auto accident 1/7
Anyone help me get a new car /images/graemlins/cool.gif