
Originally Posted by
bassic
The word "car" and "investment" should never be used in the same sentence. Having said that, I don't think it's fair to say that cars should never be purchased new. Every situation is different.
If you're looking to buy a high-end car that's loaded with accessories and options, and if you only plan on keeping it a few years, then you may be better off buying it used. If you're like me and only see a car as a means of transportation and not a status symbol, then buy a good base model car with no options, brand new, and keep it for 10 years or more.
You can get burned buying someone else's junk, especially off lease vehicles. I know many people who lease vehicles and don't give a damn about maintenance - they beat the crap out of their cars and don't ever change the oil because after their 2 or 3 year lease period, it's not their problem. On the other hand, some used vehicles are well taken care of and in that case it's probably not a bad idea to buy one of those and hold on to it for 10 years.
Every situation is different, and there are too many variables to simply state that you should never buy a new car.