More Than 80 Percent Of Americans Can’t Afford New Cars

https://lemmy.world/post/6408969

More Than 80 Percent Of Americans Can’t Afford New Cars - Lemmy.world

My question is, what is the advantage of buying a brand new car? It loses 20% of its value when they hand you the keys.

I don't know about you people but I can't afford to take a $10,000 hit on a $50,000 purchase the instant I make the purchase, and anyone who can afford that isn't buying a $50,000 car

I bought a car that was 6 years old three years ago because it was 30% of the price of a brand new car end first major service is due. If it's too much I'll just sell it and buy another used car and have a decent trade for it. My father taught me this method from his father before him, and the only time I deviated from it the car was recalled due to dieselgate.