Re: are your neighbors buying nicer cars?
I buy new cars. I like the fact that I'm not inheriting someone else's headache (or bad maintenance habits). I like that I get favorable interest rates (usually 0-2%). I also like that I can get a 5-year bumper-to-bumper warranty at a reasonable price (after playing some hardball with the finance manager).
I'm not really concerned about depreciation... I drive my cars for about 6 or 7 years, so it all balances out for me.
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