newer cars are waste of money
Buying cars is all about mileage. How many miles does it have on it and how many miles can I put on it. I always buy Japanese cars which can usually get 200,000 miles if you maintain them properly. If the car has 50,000 miles on the clock, I know I can put 150,000 miles on it. On the other hand, if it has 150,000 miles on it, I can only put 50,000 miles on it.
Another thing you need to remember is most people can't work on their own cars, so they have to spend a lot of money to fix them. You know how to fix a car, so it just comes down to the cost of parts. So for you owning a new car doesn't make sense. For most people who need a reliable car and don't want to spend a lot on repairs a new car or a leased car actually makes sense. You have a monthly payment, but you also have reliable transportation and no repair bills. My car has 160,000 miles on it and I've been averaging over $1500 a year in repair bills.