cars are so damn expensive!!!!

[Anonymous]

I can afford a 2k payment but I am not ape shit stupid....cars are overpriced. People keep getting leveraged more and more on a fast depreciating cars. Just stupid.

[Anonymous]

Anonymous wrote:We always buy our cars, and we always buy slightly used cars (under 10k miles) that are known for their longevity. We drive them until the cost of repairs is more than we'd get on trade in (usually around 10-13 years). We paid 23k for our last car and we've had it for 8 years and haven't had to pay for anything but regular oil changes and replace the tires once. So that averages out to less than $300/mo, plus gas. We'll have this car at least 2 more years, and if possible 5 more years, bringing the cost down less than $200/mo.

I'm sorry you are bad with money?

We went in with this plan on our last four cars, and it only worked out for two of them. I ended up with new cars on the last two because the end-of-model-year incentives made one of them less than comparable a low-mileage used option. We tend to keep our cars a long time, though - had the first new one for 15 years, and it cost oil changes, one new set of tires, and one $100 repair. New car #2 is almost five and has been oil changes and one replaced tire from a blow-out due to construction debris on the interstate - NADA and KBB also still list it as being worth more than I paid for it. I used to never thing I'd buy a new car, but that's what ended up costing us less. I am now of the mind that you run your individual numbers and see what makes the most sense.