this post was submitted on 06 Oct 2023
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Don't buy a new car. New cars are for rich suckers. Cars are the most common type of depreciating asset.
I saw this on TikTok and it's been burned into my brain since.
https://cdn1.frocdn.ch/vZBqPK4EuWepdGt.mp4 (link might not work with some security settings).
The amount of money seemingly regular people are dumping into car payments is unreal.
If you're rich you don't care
exactly why you should go for a second hand one if you aren't drowning in generational wealth.
What? My point stands. If you care, you aren't rich. You just have some cash from a few good years.
Would you care about the deprecation in value of your toothbrush?
Who are you even arguing to? Literally no one disagrees with you. Someone even replied to you to say they don't disagree with you and you doubled down. You gotta relax man.
Huh? I made one reply in this thread when someone suggested that even the rich would be enticed by second hand, by u/potato
One reply sticking to your original point is not being rustled.
I've had 3 cars the first was 10yo when i bought it, the second was 3yo when i got it, the last one was new. Each one lasted 5 years, 12 years and then 10 years respectively. Moved to a walkable/bikeable city & I don’t even have a driver's license anymore. New cars are not bad as long as it doesn't get changed out every other year, and you get one that is a reliable model.
You had a brand new car that only lasted 10 years?? What are you doing to your cars??
My friend has a 1993 Toyota Land Cruiser that the mechanic said drives like new.
I have a 2008 Nissan 350z that I'd expect to get another 10 years out of.
Sold it when we moved out of the country, lol. It was a 2007 FJ Cruiser we got for 18k, sold it for 10k. Only changed the starter (drowned it), and a couple other things. Best vehicle I ever owned.
Taking out a loan for a vehicle does not mean you are rich lol.
Anyone can get financing for a shitty new car, not everyone can figure out how to retire by the age of 55