See my reply #37 concerning how Toyotas depreciate.
My C.U. is offering 1.9% new car financing, I'm considering that and also considering paying cash, with the check from my insurance and another $12,000 or so, I do not like the idea of making monthly payments, even if it were 0%.
I really prefer a new one. I had my now wrecked Toyota for 6 years and probably would have kept it for another 6 at least. It's not like I'm buying on a whim. I buy and keep cars.
My wife bought her new Chevy Trail Blazer about the same time I bought the Toyota and has had some problems with it but it's 6 years old too and we are not considering replacing it. The four wheel drive has come in handy in this weather. When we do get rid of it, it will almost certainly be replaced with a Toyota product. I will never buy a Government Motors product.
We bought a Camry that was on the lot used that had very little mileage on it in 2000. It was a 2000 Camry. Someone must have bought it and changed their minds for some unknown reason. We got the car for less than new AND we had LONGER warranty on the car than if we had bought it new. Some quirk of it being used. We still have it today and runs great.