I really appreciate your financial advise. But there is no way I would ever purchase a new vehicle. In terms of wealth, the top 20% buy new cars every 1 to 4 years.

That's point where I buy, then drive them until they begin to have problems. You got to love these folks, they take great care of their vehicles and get rid of them when the vehicles are in their prime. So typically I get something greatly discounted (compared to new) with between 20,000 and 30,000 miles and drive it trouble free while adding another 125,000 miles to the odometer. All I can say is thanks for breaking them in for me.

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A recent example. Right in the middle of the pandemic, a driver rear-ended my wife's beloved Buick LeSabre. That V-6 in the LeSabre was bullet-proof and gave us over 120,000 trouble free miles, so I started looking for a more current version which is the Buick LaCrosse. I live in California, but I found a clean, one owner, always garaged LaCrosse with 19,500 miles in Texas. The dealer posted about 40 photos so I was sure what I was buying. I checked out the dealer online and it was one of the biggest dealers in Texas. The LaCrosse was listed for $13,500, I offered $12,000 cash and we had a deal. It cost $1000 to ship it to California, delivered to my door. I never spoke to a soul in Texas, everything was done via text. They even sent me a complete package to take to the California DMV.

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This is my idea of a NEW CAR--it was certainly new to us.