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That's a solid perspective. My wife has to have a new one every 2 or 3 years, leasing is a huge financial loss. So I just try to lesson the severity by paying cash and hope to sell and recoup some of the damage. Cars are such a money pit. I wish she would drive a pickup truck, the loss would not be as great and way easier to sell.The best cars are the one's with no payment. Can always buy used tires. Funny fact about me, I have never had a car payment. My first car was paid by cash, 76 Chevy Nova. Drove that into the ground and always had a company car after that. I was in the Marine's and didn't own a vehicle. When I got out, I drove the Nova until it rusted out.
I'm obviously not the kind of person who needs to replace her car every 3 years, like a lot of folks these days, but I also don't understand the intense aversion to spending money on a new car. There's still a car payment; they're just called "repairs" and those payments go higher as the car gets older. They might not be as regular, but sometimes, they can be much more painful.
Of course, I was very happy when my car loan was paid off, and I am saving as much money as I can for a downpayment so that I won't have to take out a big loan. But as much as I have loved Lucille, she's becoming less enjoyable to drive because of all the little things that are starting to go wrong (she's also got an oil leak somewhere, so I'm having to feed her oil on a regular basis; there's the slight shimmy because there's some play in the suspension.) I'd rather let her go before she gets to the point of pissing me off by breaking down or becoming unreliable. Don't want to end on a sour note.
I have never been of the mind that a car is just an appliance, so I'm willing to pay some money to make the experience of driving even more enjoyable.
Oh, I could never lease. It goes against just about every fiber of my being. I'll willing to rent for housing, but I won't lease my cars. Even if I were willing to do so, my father would probably come back to haunt me for the rest of my days.
When I buy a car, I plan on having it for the long haul. I get my money's worth