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The real issue is that when you buy on finance, you still have to pay the whole (or a good deal of) the interest even if you sell immediately. That tends to roll payments into the next purchase.
On the other hand think you guys might change your tune when the reliable and relatively simple to repair 90's-2000's cars dry up.
The smallest issues can set you back thousands on the latest cars. Try pricing things like an ABS pump, body computer, diesel fuel pump/injectors.
The paradigm is shifting such that buying new is becoming the better option than taking the risk on used. I'm kind of hoping that I've bought my last new car though...(seven registered at present count)
I just bought a Proton (Mitsu Lancer) it's a 2010 model, but the tech is circa 1994. In many ways that's the way to go a lateish model, so decent paint and interior, but mechanically so simple and cheap, but still with the basic good parts of newer cars like EFI and CAT. I guess I wouldn't mind a single airbag though, and ABS.
It's a shame the powers that be won't let us have such vehicles nowadays. On our market, there was little else so outdated in 2010.
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