Quote:
Originally Posted by pdurrant
Cars depreciate about 40% in the first three years. If you're going to keep the car for a decade or more, buying new car just doesn't make sense. There are plenty of people who get a new car every three years or so and trade in at the dealer. Buy one of their trade-ins.
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Yes, I know. The fact that cars are
depreciating assets just makes my head explode. Might as wll throw money into the barbecue pit and burn it. I'm cheap that way; putting money into assets that appreciate is one thing; into something like a car? Utter waste of valuable capital.
I keep my cars about 18 years on average and the current one is 22.
Hitch