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A review of the 2009 Volkswagen Tiguan brought up some lively discussion in our family. My brother-in-law and I were discussing the new SUV when he said, “Please don’t buy a brand-new car, Lisa. They depreciate the minute you drive one off the lot.” Well, I already knew that. In fact, they say a new car depreciates by at least 20% as soon as it’s purchased. But that’s not the main reason I wouldn’t buy the 2009 Volkswagen Tiguan, or any new SUV, the first year it’s on the market.
New cars are notorious for still having some bugs. Kinks that need to be worked out. However, according to the last J.D. Power and Associates Initial Quality Survey conducted in June 2007, auto manufacturers have cut way down on the kinks. The survey found that the typical problems experienced with design quality and quality of production at 90 days of ownership have improved at a rate of 6% each year. And in the last 20 years, the industry has seen an improvement rate of more than 120%, according to survey results.
Still, I’m loathe to buy the 2009 Vokswagen Tiguan or any new SUV during its first year. There have been significant improvements, yes, but the process for rolling out a new car is not yet perfected. And there is still that little matter of depreciation.
Before you buy any new SUV, check with your insurance agent to learn more about the costs of car insurance for the car or truck you want to buy. And, check out our tips for how to save money on car insurance to see if you whittle down your premium.
