New Cars vs. Used Cars

[chrisj]

^ My dad will be 80 in January! He got some kind of "fever" from his dad that made him trade cars a lot. I never understood it, but he would (still does) roll in with a "new" car after going out for milk or something. He is always on the lookout for another car, although he and my mom have a couple of Toyotas now. He is nearing 80 and drives a 2002 Tacoma, and WILL NOT allow anything to be hauled in it. Tinted the windows and everything.

One more thing about buying new is that you are forced to get full coverage insurance on the vehicle if it's financed. I hate, hate, hate financing anything and that was one reason for picking the Yaris in the first place. Lower initial cost and lower ongoing costs in fuel. I have liability insurance on the car along with comprehensive, but no full coverage. I paid on my house for almost 10 years, only to discover that I still owed a fortune on it. I paid extra on the principal every month until I paid the sucker off. Since then I have vowed never to finance anything again. Buying used helps to buy for cash in some cases.