this post was submitted on 06 Nov 2023
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Yes, in light of keeping the new vehicle for its entire "life" the depreciation argument falls fairly flat. It is more meant for the "average" person who keeps a car for three years or thereabouts. I cannot imagine investing that much money flippantly. I take the time to research what I want and mean to keep my auto for a long time. That said, I prefer a solid used car over new because it has depreciated to a more fair value. I've done both and not been displeased with either choice. Except for one BMW...
But even if you drive the car into the ground there is still an associated cost per year as a result of buying the vehicle.