so we bought brand new...2nd time in my life I've had a "new" car...
we have an interest free loan for 5 yrs and its afterall a Toyota...it'll last us for many years, and we rack up the miles quickly....
but after 5 yrs, I just don't see us every buying new again, maybe not even lightly used....
It’s funny.
When my father was struggling to start a new business back in the mid 70s, he always laughed at new car buyers, mocking the instant depreciation the moment the car left the lot.
Now that he’s successful, sold his business, retired, and buys new Lexus’ with CASH, he questions why I buy cheap used cars. “The best part of the car has already been driven.” he claims.
I’m still confused. But putting oodles of money in an asset that almost always depreciates seems foolish.