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just one ,, i bought a new 09 corolla in late 08 when my pinto would not start in cold weather .. it was totaled back in june of this year in a hit and run accident ,, i looked for 4 months for another one ,, finally bought a new to me 2010 corolla .. and 13 years later figured out why my pinto was hard to start in cold weather ..
None. Only quality used cars since 1980, and thus, totally debt-free since 2000. Now, looking at the reviews of the newer cars, we are going to keep the old ones running until either they or us dies!
Not to split hairs, but leasing is not buying/owning new.
That might be a little splitting hairs. I know a number of older women who have made the decision to do two year leases. They get to drive a new car, albeit with a payment, that is pretty much guaranteed to not have issues, and if it does have issues they have someplace they can take it, yell at them and probably get another car.
I kind of understand where they’re coming from, and the feeling of security a new car gives them. It’s not necessarily something I wish to do though.
I have technically owned three new cars that I can remember. However only one of them was for me to drive. I have negotiated about two dozen new car leases or purchases. However rarely for me.
Cars I want all cost 100k + which I don’t have and even if I did I’d never buy.
I pick them up after 5-7 years of heavy depreciation. Pick them well, take care of them and it’s all good.
Lexus, MB. Currently in a S550 with tons of presence and a great driving car for me and fam.
Don’t know how people drop so much money on something that depreciates so fast. I much rather save money and buy property or put away for my kids to have a jump start in life .
I don’t like payments, I don’t need another obligation. Don’t like leasing either since the car is not yours and any scratch must be accounted for, unless company pays for it.
I buy what I can afford.
Zero credit card debt, zero loans other than a Mortgage.
2 & I'm already 47. I take good care of my cars, also w/ the help of my dad taking care of the household cars back then (when he was alive). My first one stayed in the household & was still driveable, & in good enough condition to still be sold later, even once I bought my 2nd.
The sweetspot is buying a 1-4 year old lightly used car, since depreciation is strongest in the first few years while maintainance costs are very low.
Though I can understand buying a new car nowadays during the chip shortage, where used prices are over MSRP, so if you can find a dealer selling at MSRP, it may be worth it.
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Solly says — Be nice!
