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Which Life Pro Tip disappointed you?
(lemmy.world)
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this post was submitted on 06 Nov 2023
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I agree. I've also gotten shafted by used cars (7th generation Honda Civics are all utter pieces of garbage). I don't take depreciation into account on a new car because I plan on driving it until it's uneconomical to repair, which means it'll be worthless when I sell it regardless.
My parents have only purchased one used car, and it was a nearly new car from someone they knew and trusted. The other 4 cars they've bought in the past 40 years have been new. They keep them until they're old and basically worthless.
Yes, in light of keeping the new vehicle for its entire "life" the depreciation argument falls fairly flat. It is more meant for the "average" person who keeps a car for three years or thereabouts. I cannot imagine investing that much money flippantly. I take the time to research what I want and mean to keep my auto for a long time. That said, I prefer a solid used car over new because it has depreciated to a more fair value. I've done both and not been displeased with either choice. Except for one BMW...
But even if you drive the car into the ground there is still an associated cost per year as a result of buying the vehicle.