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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Spending on money on cars is like throwing it away. Get a good used car for $6-8k that has really good gas mileage.[/quote]

lol what is that? A 15 year old Corrolla? [/quote]

PP here. Not at all. In January, I bought a 2004 Acura TSX with 75k miles for $6k.

If you don't want a car that old, look for used Hyundai, KIA, Toyota, or Nissans. My advice to OP is to ask him/herself why they need a brand new car for $40k when there are perfectly good cars for less than $10k. Is it status?

Let's say OP buys a car for $40k and keeps it for 10 years. OP could've bought a used car for $8k and kept it 5 years, another used car for $10k and kept it 5 years, etc, etc. Even with maintenance and repairs, that's still much less than a new car.

OP will also pay much less in insurance for used cars. I can't understand why anyone would buy a new car, let alone financing one.[/quote]

I love the TSX, but that's a 11 year old car. The TSX may wear an Acura badge here in the US, but that generation was simply a Euro-spec Honda Accord. Yes, it's nice for a 4-cylinder Accord, and it is a joy to drive, but it's still literally just an Accord.

You have to decide for yourself what's important, absolute lowest cost of ownership, or are you willing to pay more for a nicer car that may not be the best financial decision. If you approach cars purely from a financial point of view, you should buy nothing but decommissioned Crown Vic police interceptors. You can get clean ones for less than $1500 and they are very cheap to maintain/fix.

As soon as you grant yourself the latitude to pay more to get a better car, then you've placed yourself on the cost/features sliding scale. At that point, it's asinine to make financial contrast between a $40k new car and a $10k used car. You are simply not buying the same thing at that point, and therefore the financial difference is meaningless. [/quote]

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