Months ago, back in June, I posted that I had been looking for a new car. I just wanted to fill everyone in on an update.
I have really narrowed my search down to a 2005 Infiniti G35 Coupe. I originally posted that I was interested in the Sedan, but that quickly changed. The more I looked at the G35 Coupe, the more I fell in love with it.
Why the 2005 model? Well, one… I’m not rich enough to buy a brand new car. And two, I don’t really believe in buynig new cars. After reading The Millionaire Next Door, I realized how much money is instantly lost when you buy a brand new car. Nothing depreciates faster then a new car the minute you drive it off the lot. Buying a brand new car is really only for people that have a lot of disposable income. There is just no need for someone in my position to buy a new car, when a used one will work just fine.
The reason why I haven’t purchased a car yet is mostly because of the wedding I’m planning and paying for. Katie and I have to pay for a lot of the wedding ourselves so money is tight, and will be tight until after the honeymoon. Another reason why I’ve been putting it off, is that my current Acura TL is still running fine. I don’t have a car payment right now, so it will be very tough to trade in a perfectly fine car for a new one that comes with a $300-400/mo payment.
Things always change though. Maybe I’ll hit it big on the internet next week and be able to buy the car sooner. If any of these plans change, I’ll be sure to keep you posted!
2 Responses
Car Buying Tips, New & Used Car Sales, Autos Online » New Car Update
December 11th, 2007 at 11:25 am
1[...] Philip Reed posted a great article about car buying.Here’s a quick snippet.Nothing depreciates faster then a new car the minute you drive it off the lot. Buying a brand new car is really only for people that have a lot of disposable income. There is just no need for someone in my position to buy a new car, … [...]
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