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On the point of the beater vs the new car... I find the best is often a middle ground. The new car is not worth the debt and the depreciation... assuming it's e
by Zenbit_UX 8y ago
On the point of the beater vs the new car... I find the best is often a middle ground. The new car is not worth the debt and the depreciation... assuming it's even an option.
The beater is often just as poor an investment due to the money you'll have to throw into it like a black hole whenever it fails. There's also the stress and instability it creates knowing it may not start the next morning.
- Retric 8y agoI don’t think any one answer is optimal. I got a nice new car and kept it 12+ years. The advantage to this is minimizing transaction costs while getting exactly the car I wanted. I also drive far less than most people keeping the car in great shape. If I put a lot more miles in it then I would be more concerned with break downs as it aged.