Re:Many Americans who live paycheck to paycheck blame debt
by lonelappde on Saturday July 20, 2019 @03:39PM
(#20487843)
If your keep a car for 10 years it doesn't matter what you pay for it. People who buy new every 3 years are the ones lighting money on fire.
Re:Many Americans who live paycheck to paycheck blame debt
by smileysteve on Sunday July 21, 2019 @09:28AM
(#20491222)
As someone who bought a 7 year old car used and has had it for 10, I disagree.
The cheapest new car in the US by the same company is 13,255$ and does 31 city / 39 highway. That cheap SUV gets at best 15 city / 19 highway, so assuming nothing is wrong it’s using twice the fuel.
Assuming 15k annual miles and zero mechanical issues you save money with the new car in ~10 years. Though a more through analysis is likely going to make that time shorter as keeping an old car on the road gets more expensive.