I don't know, sometimes I think it's better to just pay cash for a decent used auto.
Like under $5000.00
You can find many decent autos for under 5 gran, of all makes and models, even BMW's.
Pay 3 to 5 gran and just be done with it.
And payment money you'll save can be spent on fixing auto up to own liking.
I think a lot of it depends on what you're using vehicle for, and how far your commute from work is.
If you commute more than 20 miles one way to work, than a new car might make more sense.
But if commute is short...like under 10 miles, then a used vehicle, that looks new, might make more sense.
Also depends on your money flow.
If you have great job, great income, job security, than making payments for 3-5 years might not seem so bad, but if job situation changes from month to month or quarter to quarter, saving up cash for used car might be better option.
Lots of variables...in the end have to do what's right for you and your own situation.
With a new car confidence goes up that car won't break down, and having a new car 'shrinks' the distance between places in ones mind in that in new car one tends to drive faster and in more comfort than in old beater upper.
2. Cut down on day to day stress
With new car so many issues related to driving are eliminated.
No leaks, stereo that works, A/C and heat that work and blow out nice warm or cold air.
smooth acceleration, good breaking, nice bright dash panel.
Things that are new, clean and crisp just tend to mellow us out and relax us.
The nicer the vehicle the more you forget about the payments associated with car.
So when you do get a new car, get what you want, don't get something that for the next 3-5 years of payments you'll regret.
Done with list.
A new car will just make you want to get out more, travel more, live more, go to the beach, mountains, desert.
Take nice long weekend vacations without fear of vehicle breaking down.
Never trade old car in for new one, Keep old car, and sell it on the side, will get more money for it!
This is what a dealer told me yesterday who was maybe a bit to honest.
They told me that for every $1000.00 dollars you put down, it only reduces auto payment by $20.00 bucks!!
So if your payment is $300.00 a month, and you put down an extra 2 gran, it will only make your payment $260.00
To me that's a jip off.
Same with trading in car...a car you could get $2000.00 for on craigslist or even 5000 for, a dealer will only give you 500, if that, for trade in.
And according to above it would only make a $10.00 difference in monthly payment.
If you have second car that's paid for you'd be better off just keeping it for a spare or selling it in paper or C/L, you'll get way more money for it that way than be literally giving it away to dealer.
You ____ on line make it near impossible for people to purchase a car, why?...do to all the stupid template snoozing!!...just let me shop without all the D info gathering, in this day and age people HATE that!!
I was thinking about maybe leasing a Dodge Challenger, so I go online, type in ect, and all you get is 'forms'...stupid azz forms...that simply want to harvest own personal information.
Do you dealers not realize what a turn off that is in the year 2017!!
Why the F should I have to surrender identity, name, address, email address, phone number, just for inquiring about vehicle I've already made up mind to buy or lease?!
You're hounding me, disturbing me, on the side, if anything will change my mind and make me simply want to go to private dealer or seller!!
Truth....in 2017, people don't like forking over personal info to some generic template, just to be bombarded with adds, annoying calls, for weeks, months later.
I wanted a Dodge Challenger, but now, I don't know...since Dodge, or whomever creates those annoying prying online templates, seem to be out of touch with how people feel today about forking over info, when all we, they, want to do is find car we want and chose it without 3rd party pesturing us about it for weeks.