Quote:
Originally Posted by Diomed
A $70k car when I was 23, paid for in cash. Was brand new and a really dumb purchase. Got to love depreciating assets.
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Pretty much every car I ever bought.
When a while there I was buying new cars every year. When I look at the money I lost with each car... Yikes.
I've had my Jeep Grand Cherokee now since 2012. Time to get something new, but I don't think I'll ever buy a new car again. You are better off buying an older car that has already lost some of it's value, plus all of the kinks have been worked out.