Bubba1 wrote:I think a lot of folks seem focused on the depreciation aspect. There are positives to buying new that offset that depreciation, including a full maximum warranty, (many makes offer free scheduled maintenance now), free loaners during regular service, no worries about how the previous owner maintained or treated the car, no crash repairs, every part is new, the fun of owning something new and different (new models), etc. Clearly, several of these benefits do not carry a cash value, but they should not be ignored.
I'm not saying buying new is the best way to go. I'm saying everyone has their own needs, wants, and amount to spend on cars, but buying new is not as horrible as many here seem to be making it out to be.
Agreed, I don't have anything against people who want to purchase new vehicles, my in-laws just purchased a new Toyota Sienna SE. While I do feel like they got ripped off by paying $40,000 for a van stickered at just over $36,000(some of this is due to add-ons they talked them into, they're suckers for add-ons

), they did get a ridiculous amount of extra coverage with it. 5 free dent repairs a year, full coverage on the wheels & tires(It has 19" aluminum wheels on it) for the life of the vehicle, free oil changes for the first 2 years(I think there's some other things included as well but I can't remember), and ect. They have the money to spend on a new vehicle though, and they haven't had a new vehicle in about 15 years so I don't blame them for getting it. It's probably the nicest minivan that i've ever ridden in and it handles like a sports car.
I purchase used vehicles and plan on purchasing used in the future based on our families current budget, if it were to rise significantly enough on a permanent basis then I would definitely consider purchasing a new vehicle. There's nothing like the smell and feel of a new car in addition to the benefits already mentioned.