In our search for a better, faster version of our 2001 Miniature Van, we stopped by a few lots to see what was out there. We weren't really looking to buy from one, but they're usually a good place to see a bunch of used cars all in one spot...and if there was a great deal out there we'd consider it.
Now keep in mind that we recently took a financial class that mentioned about 437 times that buying a new car is stupid. I've heard a few of these so called "financial experts" try to claim that buying a car that will depreciate by 10% as soon as you drive it off the lot is a bad idea. Whatever. Sure it'll lose 70% of it's value in four years...and you could argue that you could buy a car that still has 80% of it's life left after someone else greatly depreciates the cost for you....and um...I guess maybe buying new isn't that great now that I think of it...
These classes often go to great lengths to show you why financing a car is even worse. You're paying interest on something that is quickly going down in value. It's sort of the opposite of what you want financially.
It's generally a bad idea to buy a new car, and as someone in a very low tax bracket...it's worse for me.
Let's say I'm considered poor according to our United States government.
Should the government push poor people, like me, into buying a new car? Yes - if they hate poor people and they want to encourage them to make bad decisions. I had a couple of the car lot guys tell me that because of the cash to clunkers deal, there were less inexpensive cars out there for sale. Once someone turns one into a car lot, the government is making them junk them. That means there are less cheap cars for poor people to buy...which drives up the cost of the lower end cars that are still out there...and it seems again like the government hates poor people.