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Originally Posted by racer_d
I think another unspoken element is people only want to buy "new". Used, Preowned, CPO etc all carry a bit of a stigma to those wanting to impress or validate their sucess by owning only the "newest" and "best", even if they aren't the best and money is being wasted.
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for people buying new to validate success, 'what are you trying to compensate for?'
some used are great value but i would love to get into a brand new Porsche any day if i had the money.