$50,000 for a new car financed over 5 years at 0% APR is $833/mo which is why I have not purchased a new car since 2006. Everything since then has been a used vehicle from private sellers. Typically paid $1500 for a good used vehicle, drive it for 3-4 years until something major goes wrong then junk it and buy another. Lather, rinse and repeat.
By my accounting, I have paid $10,000 for 6 vehicles in the past 17 years and have zero regrets but a heck of a lot more money than had I been purchasing new ones.
50,000 is a lot for a new car.
Best car in the world, Toyota Camry tops off in the high 30,000s.
“Typically paid $1500 for a good used vehicle,”
Try to find a good used vehicle now for that price. $6,000-7,000 more like it at minimum.
Yep, that;w the way to do it as long as you don’t live in a county that requires an emissions test, My county just stopped that last year.