Popular-Pollution-29 t1_iuh88o4 wrote on October 31, 2022 at 9:22 AM

Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner

Once before by a few thousand more than what I should have paid. Which might be a little better than you because I doubt you have ever bought a new car.

Illustrious-Lock9458 t1_iuh8yka wrote on October 31, 2022 at 9:34 AM

You're right I don't like wasting 30-50% value just driving out of a lot.

Popular-Pollution-29 t1_iuh928q wrote on October 31, 2022 at 9:35 AM

So you buy used cars?

Illustrious-Lock9458 t1_iuha35e wrote on October 31, 2022 at 9:50 AM

Yes sir, maybe you should watch this guy https://www.youtube.com/watch?v=pjFSxdRKhMo&ab_channel=ScottyKilmer

Before you get finessed again.... You could of wasted that money on meme stocks or something cool

Popular-Pollution-29 t1_iuhaqep wrote on October 31, 2022 at 10:00 AM

I seen some of his videos.

I bought a new chevy Cruze in 2016 for $14,500 out the door. Now that car is worth around $8,000 and a little over a hundred thousand miles on it. Was it better for me to buy that car new or used? Don't get me talking about my 2014 truck I bought new, I could sell it for more than what I bought it for.

A lot of the time it's better to buy a new vehicle at the right price.

miataowner OP t1_iui1uit wrote on October 31, 2022 at 2:23 PM

Doesnt this just further reinforce the point of AutoZone? Buying used to conserve money means youre the exact market AZO is targetting.