Buying a new car never really made sense to me even when you could afford it. 2 - 3 year old model is effectively brand new but a lot cheaper. Why pay more if you can pay less?
2 - 3 year old model is effectively brand new but a lot cheaper.
I've always heard this, but where is this actually true? When I bought a Camry like a decade ago, I could get a brand new one for $19.5k or used ones with 50k miles on them for....$18k. so yeah I paid the extra 1.5k to not have to deal with potential random shit.
When my wife bought her car a few years ago it was a similar situation. The only used cars that were "a lot cheaper" had like 100k miles.
It made sense to me when I could take advantage of a tax credit for EVs in 2017. Now that car companies/dealerships simply jack up prices to eat that discount, it doesn't make sense even in that case.
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
That's great, but the question from that OP was "are you able to" and your answer should be yes. I make less than that and I definitely am able to. But I'm waiting on the market to correct first
Though it also depends on how you define "able to". Like I could fit a car payment in my budget but it would eat up most of my disposable income and I'm not willing to give that up, even if new cars weren't so enshitified. I bet there's a lot in this "technically capable but it would be a stupid financial move" group.