Why Buying a New Car Just Doesn't Make Sense

10.22.06 | Money | 3 Comments | by junger

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I don't have a fancy car.

I don't have an especially good looking car.

I'm actually a little big for my car.

But I sure as hell am not buying a new one anytime soon.

I drive a 1997 Toyota Tercel Blackhawk (same style found here). It's paid off, only has 110k miles and gets 37 MPG.

You heard that right. 37 MPG.

Hybrid what?

At current gas prices — $2.15 or so — it costs me around $20 to fill up. And drive over 300 miles.

It may not be fancy or new, but "upgrading" to a new car would be a downgrade in terms of MPG and my monthly bill.
So why should I buy a new car? It just doesn't make sense.

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