Quote:
Originally Posted by InControl
This is why I buy new OTD well below invoice or walk away. Can get 50% car value after 5 years of ownership. Car runs perfect and still smells new - will keep her another 10yrs. Buying new is for peace of mind. Car never had curb rash or hit a pothole. On the other hand, had new car different brand that never tracked straight so got rid of that within 2 yrs.
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Peace of mind is worth a lot. Keeping it that long you will definitely come out ahead unless she becomes a money pit. Most people just do not keep cars that long though. Most of the time, people buy with that intention and then after 5 years, they trade up, get something else, lifestyle and needs change or whatever and after that big down payment, all the depreciation, sales tax, finance charges and finally, getting hosed with a lowball dealer trade in offer, they don't come out ahead at all. BUT, most people have no idea what happened to them so whatever