Not if you keep it for a while.
Not really true. If you buy a new car say every 10 yrs, vs buying a 5y/o car every 5yrs
you'd probably come out way ahead. 2007 Frontier from a dealer asking $18,000, 2012
frontier $38,000. If I sell the 07 in 5 yrs I'll get (if still in good shape) $8,000 easy.
When I sell my 2012 in 10 yrs I'll get $8,000 easy. So buying new cost $30,000/10 yrs
and a 5y/o car bought every 5 yrs will cost $20,000. I have a 10 y/o Frontier I've put
about (at least) $2000 into (a couple minor repairs in the last 3-4yrs). So the 10 y/o car
actually costs $32,000 and the 5 y/o car still at $20,000. Taking all that into account
I save $12,000 every 10 yrs buying a 5 y/o car every 5 yrs instead of new every 10. For
the amount I paid extra for the new car, I could have bought a car for $24,000 (better
car) and break even, or bought a car that uses more gas and still be ahead.
If you plan on owning your car for say 20 yrs, and I buy a 10 y/o car every 10 yrs, I'll
still be ahead although not by as much. After 20 yrs, you're looking at some major repair
costs that will kill you.
So, better to buy a 5 y/o car that has a good track record, that has more than the engineers
at Nissan (or whatever) telling you it's good. Buy new, you're hoping this isn't the year
and model they finally fuck up.
That said, I bought my last truck and wifes car new.
"i surf because, i"m always a better person when i come in"-Andy Irons