It depends on whether you have mechanic abilities. My cars are bought at about 4 yrs old, low mileage one owner. I prefer those with reasonably priced parts and the slightly older japanese cars have a much higher standard spec than prestige marques. All my cars have run to well over 200,000 miles (not km) until they are economically unfixable. OH is the mechanic. If we had to pay garage fees it would be totally different. In that situation I might well lease but the monthly fees would make me cry.
The number of people who are concerned about my lost street cred is amazing but it doesn't matter tuppence to me what it looks like as long as it's reliable. The police do pull you over more in old cars though.
I prefer not to do debt but if I was buying new (if I had massive wealth) I'd go with the interest free credit offers and keep my cash in the bank. I couldn't personally accept the depreciation on a new buy but if that's what floats your boat it's fine. Where we spend our money or accrue our debt is a personal choice. But most of those same folk who are concerned about my lack of street cred are up to the neck in debt for their smart cars.
It would grieve me to be paying monthly fees for a car and having to pay repair bills too.
The number of people who are concerned about my lost street cred is amazing but it doesn't matter tuppence to me what it looks like as long as it's reliable. The police do pull you over more in old cars though.
I prefer not to do debt but if I was buying new (if I had massive wealth) I'd go with the interest free credit offers and keep my cash in the bank. I couldn't personally accept the depreciation on a new buy but if that's what floats your boat it's fine. Where we spend our money or accrue our debt is a personal choice. But most of those same folk who are concerned about my lack of street cred are up to the neck in debt for their smart cars.
It would grieve me to be paying monthly fees for a car and having to pay repair bills too.