I only buy used cars. I hate "the big hit" that depreciation smacks an owner with in the first couple years of a car's life. Even though my four-year-old (when I bought it) Jaguar has needed some engine work and transmission work, the $6000 worth of repairs that I've done on it don't even come close to the $20,000 I saved by buying it used. And it's a beautiful car, still in excellent cosmetic condition. The new/used price difference is even more dramatic on one of my other cars.
Excellent resale value means one thing: The car is going to last long enough without needing expensive repairs to hold its value. Therefore, even if you do NOT plan to sell it, it will be, not so much a good investment, as cars depreciate (unless they are collectibles, but who can afford them) but not so much of a bad one.
I only buy used cars. I hate "the big hit" that depreciation smacks an owner with in the first couple years of a car's life. Even though my four-year-old (when I bought it) Jaguar has needed some engine work and transmission work, the $6000 worth of repairs that I've done on it don't even come close to the $20,000 I saved by buying it used. And it's a beautiful car, still in excellent cosmetic condition. The new/used price difference is even more dramatic on one of my other cars.
Excellent resale value means one thing: The car is going to last long enough without needing expensive repairs to hold its value. Therefore, even if you do NOT plan to sell it, it will be, not so much a good investment, as cars depreciate (unless they are collectibles, but who can afford them) but not so much of a bad one.