From: "Glenn Meadows" 

I like the Dave Ramsey approach.  Let someone else take the 30%
depreciation hit, and buy a 1-2 year old low mileage car.  Most cars now
have the warranty extend to subsequent buyers.  Why buy something that goes
down 20-30% the instant you make that right turn off the lot.

I'm still driving my 1994 Mazda Miata, 110k on it.  Runs like a champ.

--
Glenn M.


"Mark Hessey"  wrote in message
news:3fac4569{at}w3.nls.net...
> "Judy Folkenberg"  wrote: I
simply can't bring
> myself to buy an American car as I consider them inferior to Japanese or
> European cars.  And their resale value sucks.
>
> The lines are really getting blurry now, many "foreign" cars are
> manufactured in plants located in the US, many "American"
cars use parts
> from foreign plants. I do think that way back when that foreign cars had
> higher reliability and may still to a degree, but I also recall the higher
> cost of repair and parts that probably negated a large part of the longer
> period between repairs (though not the inconvenience of earlier repairs
for
> the US cars if that is actually the case).
>
> That said, last time I checked the Saturn brand enjoyed a competitive
resale
> value. Still, buying new cars is always a losing proposition, if the
resale
> value is a driving factor, then buying a 1-2 year old car is a far smarter
> strategy as the lion's share of the annual decline in value occurs as the
> rear bumper of your new car clears the dealer's lot.
>
>

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