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Pastimes : Where the GIT's are going
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To: Carolyn who wrote (108997)12/12/2005 3:36:04 PM
From: Peter Dierks  Read Replies (1) of 225578
 
The people who purchase new cars every year or three tend to think they are more financially astute than those who buy them.

I used to justify buying new by telling myself I would drive it for ten years. I finally realized that buying after some other poor person takes the biggest depreciation hit saves me even more. You don't get to drive the newest, coolest car in the group. I will trade the cool for the cash.
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