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@mariegmgs I don't think you can go wrong buying new or used if you are someone who drives them until they die. I prefer to buy new, but the last one we bought was 5 years old with only 18K miles. If it is used and taken care of, it will be like having a new car. I am not a fan of buying high...

@oursimpleife The amount of car you are saying that I can afford I would likely never buy. You are talking about somewhere around a $70K vehicle. Don't let my wife find out about this. It's her turn for the new vehicle.

@resjudicata This makes more sense, but maybe with the exception of lower incomes. I think as you go to lower incomes, you are at so much more financial risk. At some point, you probably should not have a car payment.

@oursimpleife So, I make $140K per year. You are saying I can spend up to 14K on car payments? This does not sound right to me, and I guess I am on the conservative side when it comes to debt. No way I sign up for a $1200 per month payment. No way.

@theguydude Yeah, I agree. Making money on non-classic cars is pretty unusual. The last year has been a huge exception to how car values usually work. I was offered about $2K shy of why I paid new for my 2019 Miata a few months back. And we had not even negotiated yet.

@resjudicata This is an excellent point. I have $30K of depreciating asset sitting in the garage under a cover. Not because it is the right thing to do financially, but because I like it. That is where I splurge. We live frugally in many other places so we can afford this extra car.