Quote:
Originally Posted by MoneyGuy
I agree 95% of the time. I buy only new vehicles and keep them for 10 years or until the missus screams, "I want a new car!!" Whichever comes first. 
Running the car for 10 years or more and the depreciation agrument is gone. I also buy quality (Toyota and Honda). Ever checked out the price on a two-year-old Camry? It's not much less than a brand-new one. They keep their value.
My current Camry is 1999 and it never sees the inside of a garage except for regular maintenance.
That's how to buy a new vehicle smartly. But your point is good, usually. I can afford new cars every couple of years but agree that would not be smart. |
Well put. I am planning to buy a new vehicle as well, and I intend to keep for awhile. My current vehicle has been about 6 years now, and even with 6 years, it has already been well worth it.