this post was submitted on 06 Oct 2023
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[–] beyondthegrave@lemmy.world 3 points 1 year ago (1 children)

I also don't understand the whole "it depreciates in value" angle. Yes, everything I buy new depreciates in value once it is no longer new. I'm not buying a car to immediately sell it. So who cares?

Are there people out there flipping cars like they do with houses? Maybe tell those people.

I bought my car new and people told me the same thing. I'm still driving it 13yrs later and have had no major maintenance issues; only regular maintenance like oil, tire rotation, lube etc. The most expensive thing I've put into it are new tires.

I'll buy my next car new again and do the same thing.

[–] Very_Bad_Janet@kbin.social 1 points 1 year ago

Are there people out there flipping cars like they do with houses? Maybe tell those people.

I've read if people buying new Teslas (with some kind of credit for buying an EV), driving it for a year or so, selling it for more than they paid and then repeating the process. Not sure if this is a viable strategy anymore (don't know if Tesla has that much demand anymore).