>>No new cars (they are holes in the road for money).<<
Although I generally agree with this, when I bought my Scion xB I noticed that all the used ones were only one or two thousand less than a new one. So I bought a new one. I got exactly what I wanted with a full warranty. In that case it was definitely worth it. But other than that, I agree.
Dave would remind you that when you left the dealers curb the value went down at about 20% and if you took a loan on the full price - you would be upside down (unable to pay off the loan by selling off the new car).
Dealers know this and try to sell you "Gap" insurance, but this is not to help you sell the car. It is to cover the Gap that would be on a full loan and what the value of the car would be after you drove it off the dealer's curb. Because with a totaled car, right off the curb, your insurance would not cover that Gap.
The third reason, I never buy a new car is Taxes. Our state, Georgia, charges a tax every year on the value of a car. New cars are taxed out the whazoo.
And the fourth reason is Insurance. For a new car, you have to have Comprehensive and Collision else you have no hope of covering your loan after a total loss. And, guess what, New cars cost a lot of insurance.
That's why I buy a low mileage used car usually from a private owner: No Gap insurance, Low Taxes, Low or no Comp or Collision and No Loan.