Do I Buy a Brand New Car or a 10 Year Old Car?

I will be retiring my 1998 Toyota Camry and buying a new car in the coming months. The plan is that I will keep the new car for the next 10-12 years and drive around 15,000km per year (so around 180,000kms all up).

I can either buy a cheaper 10 year old Mazda 3 with around 130-150,000kms. My concern is that in years down the track there will be repair and maintenance issues given the time period I plan on keeping the car for as it already has high kms. Not sure if it will even last me. I won't be buying another car unless I'm in a crash and insurance pays me out.

Alternatively, I can spend a bit more and put an order in for a brand new Mazda 3 with warranty and no kms on the odometer. I don't care about the long wait times for new cars because I'll drive around in my current Camry until it arrives and then sell it.

Which should I do from a mechanical perspective?

UPDATE:

I've put in an order and paid a deposit for a new Mazda 3 sedan this afternoon. Was told it will be approx 4 month wait. This will be the first and last brand new car I own so quite excited.
Per the suggestions on this forum, I will try and sell the Camry privately instead of trading it into the dealership.
Thanks to all.

Poll Options

  • 37
    Buy the used Mazda 3
  • 307
    Order brand new Mazda 3

Comments

  • +3

    buy a tarago and do a 4k wrap on minus the roof

  • Congratulations on the new car.

  • -1

    I drive a Toyota but my next car won't be a Toyota.
    The biggest drive for me to steer away from Toyota is the donation to the republican party in the US which is slowing trying to get rid of democracy. I cannot support such a company when I already know about it.
    https://www.cbsnews.com/news/toyota-political-donations-to-e…

    • Did you know the US is not a democracy? Curious, which car company is morally better to you. Companies linked to ccp, not accepting to immigrants like Japan, commit emissions fraud like VW, etc?

      • -1

        The US is a democracy, but it's a backsliding democracy due to the GOP. If you think US is not a democracy, what's Australia? We join shoulders with the US on almost everything. Pauline Hanson is already saying dead people voted in Australia - right out of Trump's playbook.
        https://www.washingtonpost.com/world/2021/11/22/united-state…

        As per car company I would choose, I don't know. I have not done my research. Definitely not a lemon like a VDub.

        • The US is not a democracy. The US Supreme Court is not elected, the last President had 3 million less votes, states with massively different populations have 2 Senators each. Australia is a mixture of representative democracy and a monarchy. We have the same issue with Tasmanian and South Australian Senators extorting the whole country to help themselves.

          Your link is Jeffrey Bezos’s paper talking about a European think tank. You could at least have gotten an American think tank. Tying a whole political party, in a country with basically only two parties, to one man is a stretch. Do you really think Biden got more votes than any one else ever?

          Easy to be against something, hard to be for it.

          • -1

            @Emerald Owl: I can link 100 articles that say American democracy is backsliding. Same thing is happening around yhe globe. Look at Belarus, India, Philippines soon. Democtacts have wanted to get rid of electoral college but GOP won't let them. Even Hillary got more votes than Trump.

            Bezos

            GOP says corporate tax is high. Bezos pays the least tax when GOP is in power, yet he doesn't want them in power. Ever think why that would be? Gop have recently put a plan to tax every single American, no tax free threshold so they can give billionaires a tax break. Finally, Washington post is slightly right wing, not left wing.

            Do you really think Biden got more votes than any one else ever?

            If you think the election was stolen without a shred of evidence, I have nothing more to say to you.

            • @MKBHD: There is no way you can call the Washington Post right wing… It’s more left than the New York Times.
              It endorsed Obama, Hillary, Biden.

              • -1

                @Emerald Owl: My bad, I confused Washington Post with WSJ. Washington Post does skew to the left, it's the WSJ that skews to the right.

                However this was posted everywhere, not just Washington Post. Point is - you don't trust a European Think Tank judging America and say to me American Think Tank would be appropriate to judge America. Fact is, when I link an independent American outlet say the same, the responses I get is "that's leftist bs funded by leftie". Again, no shred of evidence, just what Sky News Australia has put in the heads.

                Lastly, I would vote a frog 🐸 if it was up against Trump, forget Biden. So yes, Biden won and the sore loser Trump could not even get his own judges to overthrow the election. Sad.

    • Just to be clear, the reason why Toyota are donating to these politicians is because they oppose more stringent Corporate Average Fuel Economy standards and incentives for electric vehicles and charging infrastructure.

      Toyota are behind on average fuel economy and EV's, they are trying to buy some time to catch up to Tesla and VW. Very dirty behaviour, but nothing strictly to do with the election results or Jan 6.

  • I bought a brand new honda civic and 2 years later I still can't believe I have a new car.

    Feels good. Feels real good.

    • I can’t believe they’re trying to sell the current one for $47K …

      • Seriously? Damn. I know I got super lucky with the timing.

        • Yeah. Needless to say, sales haven’t been hot

  • +3

    First and last new car you own?

    Why?

    You gonna die soon?

  • Dack, obviously he has been admitting he is a very oldman.

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