Quote:
Originally Posted by Run Silent
As such, I have never bought a new car in my life because I feel it is completely foolish to take that depreciation hit. I also think leasing is absolutely terrible as it relates to sound financial decisions, but many folks do it. Are they making stupid financial choices? I think so.
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While I have bought new cars before, I agree with you about the depreciation hit. I suppose the depreciation doesn't affect me as much by keeping the vehicles long term. That said, someone has to buy the new cars in order for there to be used cars.
