Absolutely never ever buy a brand
new car. Buy a car that has experienced its new car instant depreciation.
Rental companies will even sell their rental cars at a point before they become
too "old" to be fully appreciated. Small repairs are to be expected
occasionally. The minor repairs of a good used car should not be anywhere near
the expense and instant depreciation of a new car but be careful not to hold on
to a dying car for too long.
If you are considering getting rid of your current used car,
consider the tipping point of the decision. If the car is generally still in
good shape, has a good frame and a good core engine and transmission, it will
generally cost only minor maintenance until the tipping point. If this vehicle
is required for work, responsible for a parent and children regularly, or
absolutely indispensable, the decision is less based on the car and more on
meeting the needs of your family. If
your resources allow, you can consider on the merit of the vehicle and your
cost based calculations.
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