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Originally Posted by GoodGuy
My point is that we only lose money with a NEW CAR.
After 2 years, it lowers its value by 20-40%, depending on how much you use it. After 5 years, 50% or more.
New cars also require more expensive insurance, etc..
Why buy a new Car? Tell me a good reason, other than to "show off" or to get a VIP status in your social circle.
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Its all about feeling good, If you can hold your head high while driving a 97 Ford escort than so be it. I find it hard though to talk the big game I talk and then get into some junker. Normal people just dont understand why somebody with money drives a piece of crap car, they just all think you are full of crap. Even though I was taught to live in the most expensive home you can possibly afford but drive the cheapeast car you can find (the way of the super wealthy) I do not follow it. Generation X works a bit different I think.