Why do you say that? my uncle said that too
Along with the fact that cars depreciate
You asked "why do you say that?". I'll assume you are asking about why will I only buy a used vehicle from now on? It depends on what's more important to you. I'm their book " Car Talk" from 1991, Tom and Ray Magliozzi called it the Car Trade-off Matrix. You can buy a new car every five years and have a reliable vehicle with a warranty that smells good but that's the most expensive way to go. You can buy a five year old used car and use the savings to go to Hawaii once a year. You can buy an eight year old car and go to Hawaii twice a year. Another way to look at it is that instead of buying a new Nissan Sentra you could buy an eight year old, fully loaded Lexus. Heck, go ahead and get the certified pre-owned Lexus. They have excellent long-term reliability AND a warranty. It's your choice.
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You sound just like my uncle. He said the samething. I agree especially since my mustang gave out on me
Your uncle is a genius. Of course, that's unless like you use your car for express business purposes. Like if you're an uber driver or such. If you're just driving to work, get something comfortable and a few years old.
I haven't had a car note since 2010. So me personally I don't know or even remember what is a normal car note range
Well the range has to do with your credit and how much you out down on the car