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if value is an issue, which is clearly is here, buy used. We never buy new, why would you? You can fix the car for alot less than what a warranty protects.
Buying used gives you the best insurance and comes without being limited or having a deductible!! It is called self insured. Get it, it is the best insurance for vehicles.
As posted earlier, real estate is a much better investment than a new vehicle. With a historical return of around 8% is provides good returns.
Want better returns? Equities historically have provided 11% and are much more liquid so you don't get 100% stuck in the position the US is in now... Where do you think people get the money to buy real estate? Yes from corporate profits.
Don't believe me b/c I am just a schmuck posting on a forum? Of the top 10 billionaries in the world ONE is predominanatly in real estate. So you gonna do it too?? Not likely, his wealth was INHERITED.....
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