Nope, not frugal at all but the best way for me to go.
I buy new......when I buy. Research for price, mileage and what I want in a car and THEN I look at resale value.....just about in that order too. I keep my cars so long that the resale value becomes a moot point. But I know that I have taken care of it.
I don't care what the car looks like AT ALL.......but I do care that it will run, get me there without breaking down. I don't have a mechanic to check things out before buying used or I certainly would and not sure I would trust some of the places that 'say' they will inspect a car.
I have wanted a USED pu for two years......and haven't bought one yet. I shop off and on........not on the lots yet as I am not ready for the hard sell.
Did anyone notice the comments following the article? Many didn't like the buy used, not new view. I honestly thought the article had a lot more to say than that (like do the math & get the most for your money). I was a little surprised by the figures for the 5 year maintenances ($5900 for one). Seems like there is a lot to consider when buying a new/newer car than just color. Guess, that's one of the reasons I keep driving my beater... too much hassle involved in buying a replacement!
My current car I bought new at $25,000 then paid $10,000 in interest:furious:...yep stupid, stupid, stupid:shame:....anyway now that I am older and wiser I will never buy new again..never, never, never
A lot of the cost of owning a new car is attributed to depreciation. Doesn't mean anything unless you sell the car. I bought my current car, brand new, in 1999. I have taken excellent care of it and it has served me well. I definitely have gotten my money's worth out of it. I plan to drive it for a few more years.
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