rev up your engines
today I'm gonna talk about why car guys never buy new cars now of course I never
advise people to buy any new car when it's a new model with new engine new
transmission who knows if it's gonna hold up you never know so that's a
really good reason the main reason is you can save so much money cars
depreciate rapidly if you're buying used cars all the time let's say you're
taking advantage of the poor people who shelled out full price for a new car and
then lose their shirt when they sell it, and I know a lot of people are gonna
say Oh Scotty I'd never buy a used car you mind somebody else's problem that's
why they're getting road yeah it could be a commerce wreck flooded or stolen or
something but with the modern day computers it's pretty easy for a
mechanic like myself that's been doing it for ages to figure out it's been
wrecked flooded stolen if it's got any problems or not it's much harder to hide
stuff like that with all the computerized things on modern cars they
keep record of all the data I remember years ago I was that Cadillac dealer
let's find some parts right and I got working to congress's oh no Cadillacs
are better made now I said well you've been watching a Cadillac ads on TV and
I said to the guy what do you drive and he said oh well I Drive a Toyota ha ha
ha, now car guys like myself know if you
want to maximize value get a used car that's 4 years old or older because then
it's depreciated quite a bit but it can still be a great car and don't pooh-pooh
older cars especially a little mileage ones all right
I paid 3 grand for that Lexus yeah it was 12 years old but I only had 62,000
miles on it it's been the best car I've ever had I paid less than 1/10 the
original price of the car with 60,000 miles
knowing a lexus that thing might go three four hundred thousand miles so even
though I paid less than one tenth of the original price the soccer still has
probably 80 percent of its lifespan left where else can you find a deal like that
in today's society and even if you're not the type a guy like me that keeps
his cars forever the average depreciation the car when
it's three years old is 40 to 50 percent so it's worth 40 to 50
percent less than what you paid so let's say somebody buys a car for 30 grand you buy
it for $15,000 four years old well the next three years it's only going to
depreciate about twenty five percent of its value you paid half of the original
price and the depreciation in the future is much less than it was before if
you're the type of person to say you like changing cars a lot hey buy a
four-year-old car when you get tired of them and three or four years buy another
three to four year old car there's nothing wrong with doing that if you
pick the right car now you want to try it out with a Jaguar or a Porsche unless
it's real low mileage I hear that customers do that man they save a ton of
money and if they find one that was a toy for somebody and say it's got
fifteen twenty thousand miles even though things generally don't fall apart
very early that if you wanted to get one hey buy one it's three four years old
and then I keep getting rid of them after three or four years if you don't
put a lot of mileage on it now another reason car guys will not buy new cars if
I use one it's because the reliability it's up on most cars when I was a young
mechanic hey it was an oddball car that went over a hundred thousand miles but
today lots of my customers have cars with over a hundred thousand miles on
the average car in the United States these days has more than a hundred
thousand miles on it the ones that have been on a road for a while if you get a
good car like a Toyota or a Honda or a Ford f-150 pickup truck those things can
last hundreds of thousands of miles and the maintenance of monitor cars is a lot
less too, oil changes you can go further lots of them you never have to adjust
the engine valves so most real car guys they pay cash for a car I paid cash for
every car that I bought my entire life let's say you of somebody who finances
you're gonna find that often the interest rates on used cars
I'm much higher than the interest rates on new cars a lot of times the
manufacturers have no interest loans on their new cars they gotta sell these
things they got a flawed these expensive monsters out to people so they got to
give them some kind of advantage and low interest rates now you're paying a low
interest rate on a gigantic principal even if you're financing a used car
you're paying a lot less yeah the interest rates gonna be higher but you
know it's never gonna come up to what a brand-new car
gonna cost you and you're gonna find in most car guys they do their own
maintenance they know it's done right and that's the best way to do it that's
why I make all these videos on YouTube to show you how you can do it right
yourself because here's a warning and I see it all the time you do the maintenance
yourself, you know it was done right these days you can't trust a lot of
people here's an example I had a customer a few years back
she's taking her BMW to the BMW dealer to get it maintained it's under warranty
right she had 80,000 miles on the car she towed it in to me cuz it wouldn't go
anymore was out of warranty drained the transmission fluid out it came out like
molasses I said this thing's never been changed it's filthy she showed me for
receipts for full transmission flushes they had never done anything now of
course she would have never known she ever looked under the hood of her car
anyways but even if she knew a little bit about cars there was no dipstick in
the car she couldn't take a dipstick see if the fluids dirty they knew what was
the sealed unit and they didn't care, strangely enough she
went out and bought another BMW I don't know I can't understand people but you
can't trust a lot of people these days, I didn't have any money I was poor kid hey I
wanted to have a car and a motorcycle so I learned how to fix them myself now
another reason car guys buy used and not new cars is you can upgrade to a luxury car
you can save money and buy a luxury car instead of buying a stripped-down econo
car because that's the only thing that you want to spend the money on but being
honest which I always try to do sometimes it actually makes more sense
to buy brand-new if you want to buy a really good vehicle and you think I'll
Drive this thing for twenty thirty years or more you could do like my son did he
bought a brand-new four-cylinder Toyota Tacoma pickup truck if you really pick
out something that you like and you're gonna keep it a long time go ahead and
buy new there are a few times that you might want to buy something new if you
want to keep it forever and you pick a great vehicle, but you can't beat buying a
ten-year-old car that's been depreciated down but still is a good model you're
saving on all fronts, so if you never want to miss another one
of my new car repair videos, remember to ring that Bell