Reply to What item could you “afford” but don’t buy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A new car.

I’ve never bought a new car. I always think that I would like one but I don’t do it. [/quote]

I’m 60 and have never bought a new car either. I just don’t care about cars enough to even want a new one.[/quote]

NP- Have never bought a new car, but I like nice cars. I have a Mercedes but paid 25k for it used. I treat it very well and plan to drive it forever, as I did with the previous one.[/quote]

We buy new cars, but we drive them for 8-10+ years.  Last one cost me $50K, sold it 13 years later for $14K.  Paid $30K for another car, sold it 11 years later for 11K.  
We like having new, so we don't have someone else problem (like many used cars do).  And it works well if you keep cars for a long time.  Financially we come out the same as someone who buys used cars---and we don't do repairs ourselves and need reliable cars for getting to jobs.

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Sucker. Your hunk of metal depreciates a ton immediately after driving it off the lot. 8-10 years is also not very long to keep a car. [/quote]

Most people get new cars every 4-5 year, at most 6.  So 10+ years is much longer than most.  Also, not a sucker, as I can afford to buy new whenever I want.  Had I not had the $$, I would have kept them longer.  But look at the 11 year one---got 11K for a car with 130K miles on it that I only paid $30K for (including taxes).  So rather than spending $2K on repairs that were starting to be needed, I sold, and in reality then got $13K for the car, not bad for 11 years of driving.  Sure I "could do it cheaper" and drive older cars, but then they might not be as reliable. 
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