Quote:
Originally Posted by SBJ
I don't get why people feel the need to buy brand new cars. They are worth 30% less the second you drive them off the lot. Why not just buy a car that is a year old and pay less and get the same car?
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There is something magical about knowing you are the first to fart in the seats
But in all seriousness - the reason is taxes. You often can't least a 2 year old car and many countries have tax laws that you can only write off the first X amount from a car purchase. Here it's the first 20k euro when buying or financing, but if leasing you can write off the whole thing. We have leasing here where you can put 45% down, make payments and buy the car out for 1% of it's value in which case you have basically thrown the whole car as an expense over the course of two years.