[Extremely Extreme Extremist]

These new car buyers are going to ask for a bailout within 5 years, trust me I read a story of a broke college student turning her perfectly good used car in to buy a new one.

Cars are simply not an investment. I've always bought mediocre-looking used vehicles. Who cares? They're getting my ass from point A to point B.

[RikaStrom]

These new car buyers are going to ask for a bailout within 5 years, trust me I read a story of a broke college student turning her perfectly good used car in to buy a new one.

There is a lot of "buyer's remorse" in these deals. The biggest one? Is now they all have a $200 to $300 a month car payment, when before they didn't have that expense.

What? Did they think they were getting the car for free? Did they not understand the contract they signed?

[CaptainAmiigaf]

You are 100% correct. The idea of ANY car is to get safely from point A to point B and then back to A (home). Period.
My late father, who always required a NEW car for longer daily 50 mile commute always pointed out that a “New car was just like a FINE steak.They BOTH ended up in the same place.” At the time it took me a week to understand his lesson.

[Nathan Zachary]

"Cars are simply not an investment. I've always bought mediocre-looking used vehicles. Who cares? They're getting my ass from point A to point B."

Unless you have money to throw around, it makes no sense to buy a brand new car off the lot. Sure it's nice to have that brand new smell, and squeaks and rattles never heard by anyone but you.

But you can save thousands buying a year old (or even less) car, which may even still have that new car smell. Alternatively, you can buy new car smell air freshener and spray it in the car to make you feel better.

If you take your time and shop around, watch the buy and sell papers, you can find a fantastic deal, and use that extra ten G's or so you'd have otherwise paid for the salesman and dealerships commission and buy a second slightly used car.