New cars are a waste of money and a really bad investment and that includes Toyota.
Cars in general are a terrible investment take it from someone like
Warren Buffet the billionaire drives an old pickup and lives below his means.
You don't get rich by making bad financial decisions, only the greedy automakers get rich. You lose.
But buying a used car is like reusing a condom from some other dude.......sure, you save money but you may get burn afterwards, both figuratively and literally.![]()
New cars are a waste of money and a really bad investment and that includes Toyota.
Cars in general are a terrible investment take it from someone like
Warren Buffet the billionaire drives an old pickup and lives below his means.
You don't get rich by making bad financial decisions, only the greedy automakers get rich. You lose.
For example, recently i unloaded a 2022 Honda Ridgeline. On surface, it is good. But i had front wheelbearing issues since day 1. Honda finally fixed it at 10k miles. Noise never went away completely but very very minimal. Then at around 40k miles, noise gradually came back. I am past warranty. I doubt that it is wheelbearing...probably front diff or some expensive brake issue. Either way, i did not want incompetent Honda techs to have a shopping spree with my wallet. So, i sold it while resale value was still half decent.
So yeah, on surface, my 2022 Honda looks good. But buy it...and well...good luck.
Yes, I've always struggled with this when considering used cars (and to be honest, I've never actually bought one used in my whole life).
You find a good deal on a somewhat newer vehicle and the question that immediately comes to my mind: "Why did the original seller sell it in the first place?"
I personally find the sweet spot to be to buy new and then drive it for 4 to 8 years. Trade out before the residual value craters and maintenance and upkeep becomes significant.
A car payment is predictable. A major driveline failure or some other nagging issue is not.
Amen. I'm so sick and tired of people railing about how everyone who buys new cars is an idiot.
There is more to life than the endless pursuit of as large a retirement account as possible. Live a little bit, you cannot take your money to the grave.
That's a ridiculous, stupid shallow analogy. I choose to have the $50k cash in my home safe and drive used cars.
Geez, you're the reason prices for new cars are so high because idiots like you keep buying.
How much do you have in your retirement acct?
If you think living a little bit is driving a "new" car that is worth 20% less when you drive it off the lot, then I feel sorry for you.
You need to re-think your priorities.
How much do you have in your retirement acct?
If you think living a little bit is driving a "new" car that is worth 20% less when you drive it off the lot, then I feel sorry for you.
You need to re-think your priorities.
Why do you care what others buy? Are they taking money out of your retirement acct?
You want to buy my old Honda? :hatsoff:
What's wrong with old Hondas? :nod:
What's wrong with old Hondas? :nod: