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Agreed, but the quote was from when you are already filthy rich. But it applies to many people in this country, since getting a new car every 4 years is so popu
by vaksel 17y ago
Agreed, but the quote was from when you are already filthy rich. But it applies to many people in this country, since getting a new car every 4 years is so popular.
Personally I'm a fan of finding a good deal on a used car, buying it, driving it for 1-2 years, and then selling it for the same amount I paid for it. Pretty much the only cost this way is a) insurance(which you can save a few extra bucks by getting only liability) b) gas c) 2-3 oil changes.
And since you are owning the car for a short period, you won't get hit by any costly repairs.
- Periodic 17y agoThe costs of buying and selling the car, as well as adjusting to a new car, are non-trivial for most people. It's another case of doing more work to make more money. The question should be, "Is doing a better investment of time and effort than simply buying a newer car and keeping it longer?"