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Reply to "WaPo -- New cars out of reach for many"
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[quote=Anonymous]I disagree that it is seen as failing not to have a new car. Of the folks I know, no one would ever purchase a new car off the lot due to the rapid depreciation. Some might buy close to new, but never brand new. In my circles it'd be seen a foolish to purchase a new car. My family has always bought used Toyota's with about 30K miles on them. Our current car has nearly 100K miles on it and I hope to be driving it at least another ten years or more. In the meantime, we put a little money away each month so that we can pay for our next used car in cash. We theoretically could afford a new car, but why?[/quote]
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