Weeds Posted February 16, 2017 Report Share Posted February 16, 2017 While I agree that a new vehicle typically makes for a poor financial investment I think that the rate of depreciation, depending on the vehicle, is often somewhat exaggerated. Lately I've been dreaming of buying a new truck but also looking at newer used ones and the depreciation isnt as much as you would think or hope for. Link to comment Share on other sites More sharing options...
lookinforwalleye Posted February 17, 2017 Report Share Posted February 17, 2017 Pick ups in general hold their value better,Wranglers,Grand Cherokee`s are very good, Cherokee`s are horrible,Cadillacs horrible,Lincolns horrible, most Nissans,Mitsubishi,Hyundai,Kia etc...horrible Link to comment Share on other sites More sharing options...
Mister G Posted February 17, 2017 Report Share Posted February 17, 2017 Cherokee`s are horrible,Cadillacs horrible,Lincolns horrible, most Nissans,Mitsubishi,Hyundai,Kia etc...horrible You forgot GM, Chrysler and Ford. Link to comment Share on other sites More sharing options...
spincast Posted February 17, 2017 Report Share Posted February 17, 2017 Buy used, let someone else take the 30% depreciation hit when he drives off the lot. Same goes with boats. I always used to do that. But recently the difference between new and used ist what it used to be, And now I know what happened the first 60,000 k. And for the OP - I had the older (ugly) version of the santa fe with the 2.5 litre. It had a zero interference engine - which resulted in some pretty expensive situations. The first one was caused by (we suspect, but it was never confirmed) a dishonest dealer who did most of the maintenance, Either didn't change the timing belt, or did it poorly, 3000 k after that service, the belt broke and there was major damage to the engine. Hyundai did cover most of the cost. But, about 5000 k after that an engine bearing failed and that destroyed the rebuilt engine. I'm pretty sure that bearing suffered damage in the first incident and it was just a matter of time. That one was lly my cost. Put a used motor in at a cost of just over 3k. I only pulled my 16 footer with that vehicle a couple times, and it was pretty much all it could do. When I upgraded the boat, I upgraded the vehicle. Now run a Rdigeline with a cap. Gives me 4 seats and a ton of safe cargo space. Pulls the 18 ftr with two motors, tackle, camping gear you name it no problem Rated for 5000 lbs. Same frame as the Pilot I believe, I have over 220k kms on it. Replaced on lower control arem and one exhaust gas valve. Averages between 10 litres per k highway and 12.8 city solo, and 17 per towing the boat. Rides like a dream. Link to comment Share on other sites More sharing options...
lookinforwalleye Posted February 17, 2017 Report Share Posted February 17, 2017 You forgot GM, Chrysler and Ford. They would fall under Etc...... Link to comment Share on other sites More sharing options...
BillM Posted February 17, 2017 Report Share Posted February 17, 2017 I always used to do that. But recently the difference between new and used ist what it used to be, And now I know what happened the first 60,000 k. It really does depend on the vehicle. Take the Tacoma for example, used prices are almost as high as new! Link to comment Share on other sites More sharing options...
DRIFTER_016 Posted February 19, 2017 Report Share Posted February 19, 2017 Here's a video comparison of the 2016 Pilot and Highlander. Gives you an idea of them overall. Link to comment Share on other sites More sharing options...
rob v Posted February 22, 2017 Author Report Share Posted February 22, 2017 Great info guys - thanks Link to comment Share on other sites More sharing options...
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