Asymco
“Are you already wealthy? Do you have $1 million sitting in the bank? Then, and only then, says Ramsey, you can hit that new car lot.”
He’s wrong. You should never buy a new car. I did it once. In 1992. Still trying to recover. https://apple.news/AhkKCu7wGQDGkBohgi0nwPw (Apple News link)
Dave Ramsey Explains Why Buying a New Car Is a Terrible Idea — TheStreet

Buying a new car means throwing money out the window, according to Ramsey.

Aug 8, 2023 at 7:59amIvory for iOS
Show threadEgor KloosAug 8, 2023
@asymco Sure, but let's not convince everyone. Somebody has to buy a new car.
Show threadMattAug 8, 2023
@asymco His statement about depreciation is absurd. When has it ever been possible to buy a 4-year-old mainstream used car for one third of its original price? I recently sold a Civic for about one third of its original price. It was 15 years old.
Show threadAsymcoAug 8, 2023
@sensibleish Probably trade-in value.
Show threadSupremePeterAug 9, 2023
@asymco not sure we want to stop buying cars cold turkey. The car industry props up a lot of manufacturers and jobs. Kind of a necessary evil esp in the States