There are many reasons why I only buy used cars instead of new, which will be shared throughout this article. To clarify before we get started, I am not referring to buying used cars on LOAN - I am speaking of buying a car you can afford, and the many benefits of that decision (and relief you will discover).
I've had five brand new cars in my life - a Ford Escort, Suzuki Samurai 4x4, Mazda Pickup 4x4, Nissan Xterra 4x4 and a Nissan Frontier 4x4 Pickup. 3 of the 5 had constant mechanical problems, even under warranty (one "blew up" the first week on the highway, so they gave us another new one). As my grandfather used to say, "they don't make things like they used to." When I take his words and add up the tremendous costs and headaches of new car ownership, I just cannot justify throwing money into a vehicle.
That doesn't mean I have to get a used car I don't like. Not at all. Some of my favorites were a Jeep Cherokee I got on Ebay for $1700 (beautiful interior/body, great condition) and a huge, old Ford Bronco that was pristine for $2500. Loved these cars, paid cash, no debt.
Also had other used cars that were practical second cars, back in the days we also had new car loans. Found a great Honda for $800 that drove 100 miles round trip everyday to work and never failed, needed nothing! Have had two Ford Aerostar AWD vans that were great in snow, lots of space, both under $1000 each.
Today we rv full time and have discovered the art of the "disposable car," which you can read about on our blog.
So here are the reasons not to buy new cars, in my opinion....