I could afford a new car. I choose not to.
I paid sixteen hundred dollars for a '92 f250 some one hundred thousand plus miles ago. Still going strong.
Same here.
An ICE vehicle is useless without fuel.
FJB promised to end "fossil" fuels.
I believe him.
In my more than half-century on this planet, I have purchased exactly ONE new car. Used/low-mileage/cash is the way to go.
Same here (sort of). I have a 2005 Acura TL that I bought new. Now has about 210,000 miles on it and mechanically it’s going strong. Cosmetically, the clear coat has started to peel all over and the vinyl that wraps some of the metal trim pieces has started peeling off as well. Once in a while I think about replacing it, but it runs perfectly and I hardly drive it these days since I’m now semi-retired and working part-time from home.
The “sort of” part comes from having to replace my wife’s car about a year ago. She abuses her cars, so when her Santa Fe started having problems, it was dire, with metal shavings in the oil and the engine failing. She drives a lot more than I do, so we set out to replace hers. Initially planned to get a used car, but supply and pricing were so out of whack that used cars were barely any cheaper than new (if you could find a new one available anywhere). We got lucky though and managed to find a dealer that had what we wanted (a Honda CR-V). Given the state of the market, had to pay close to sticker, but the only alternative was one that was a year or two older with 10,000 to 25,000 miles or so and barely cheaper.
Dave Ramsey is right, cars are the worst thing you can spend money on if you’re in debt or otherwise not in a solid financial position and even then he advises buying used unless you’re financially very well off. Even when you can afford it, a car (especially new) has a big long-term effect on your finances. Many people don’t think that through.
Same here. I love my 2000 Z24 convertible.
“I could afford a new car. I choose not to.”
Same with us. I bought my wife a new Lexus RX 350 in 2018. I usually take her to work when I leave the house in our worn out Ford F-150. I maintain the Ford and don’t see any need to replace it. My wife tries to get me to buy a new truck from time to time. A new replacement for one just like it is north of $75k. No thanks. When we go on trips, we take the Lexus.
“I could afford a new car. I choose not to.”
Same for us. We have paid cash for new cars before, but stopped that nonsense about 15 years ago. CarMax is our go-to place and we feel we get fair deals.
Our cars are 2012 and 2015. I resent the money spent on a new car.
Ditto. There's a sucker born every minute, and I ain't one of 'em!
‘I could afford a new car. I choose not to.”
Same here.
That is also happening right now as well. There are people who could afford a new car but are holding off for one or more reasons.
Well these auto manufacturers have a nice dream but its illogical to believe they can just cut a huge segment of buyers out of the equation.
We have a 2003 Dodge Ram truck and a 2006 Honda CRV that are both in great condition. Mr. GG2 replaces parts himself. Occasionally we pay Jiffy Lube for an oil change if he doesn’t feel like doing it. Next year when prices drop which they will we’re going to replace the truck with a small runaround like a Nissan Frontier. Until then we just keep driving what we have.