[Isaac Zachary]

Originally Posted by Ecky

As you note, the market is in chaos right now. 5 year old vehicles will not remain more expensive than their new counterparts. The correct response is to either 1) buy new now, or 2) wait until used vehicles return to a sensible value.

I think the correct response is (basically the same)

1. Keep your current car as long as possible, saving what would be a car payment. When you can no longer save, that is, it costs more to keep the car running than to make payments on a new car, then sell the car and use it as a down payment.
   1. IF used car prices are down by then, consider a used car.
   2. IF not, then buy a new car with the money saved as a down payment. There is no guarantee that used car prices will ever go down.
2. Or sell the car now and use the money for a down payment.
3. Or figure out how not to own a car.