Quote:
Originally Posted by tasdrouille
A new car often offer peace of mind, something a used car rarely can
|
It seems a very strange way of getting peace of mind. You spend what, $20-30K or more on a new car, which for most people means several hundred a month in car payments, more on registration & expensive C&C insurance. Then they have to worry about losing jobs, not making the payments, and having the repo man come around to haul away their wheels. (Was an article about it in the local paper the other day - seems the repo business is booming.)
Meanwhile I buy something used, for not much money - the $8K I paid for the Insight 5 years ago was the most I ever spent on a car. I can pay cash, and have money left in the bank. I don't have to worry about car payments, insurance & registration are a few hundred a year. If it breaks, I can fix it myself for cheap (not being a mechanical incompetent), or worst case just buy another. And I don't have to worry about how I'm going to make a payment every month, which is a lot more peace to my mind :-)