Reply to WaPo -- New cars out of reach for many

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[quote=Anonymous][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]

When I was looking at cars last year, I was convinced I would buy a newer used car. I was pretty shocked to find out there’s not really a savings anymore, so I just got a néw car for a quite nominal price difference. You can get better financing on a new car, too, and you know exactly what you are getting. It’s no longer cut and dried. [/quote]

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