I’ve got a 2012 Mazda 3. Bought it in 2016. Still runs well, no major issues so far. The tools I use to track my net worth track its value as part of that, and they say it’s worth around $4000 now. I wouldn’t have an issue with buying a ~5-10 year old car if it was well-maintained, and those shouldn’t cost that much.
It’s more expensive to move somewhere a car isn’t necessary.
Why not buy an second-hand car instead? One that’s known to be reliable, like a Mazda 3, Toyota Corolla, etc?
Just because some areas need a car to get around, doesn’t mean people need to have high car payments every month.
Have you seen the prices of used cars lately?
I’ve got a 2012 Mazda 3. Bought it in 2016. Still runs well, no major issues so far. The tools I use to track my net worth track its value as part of that, and they say it’s worth around $4000 now. I wouldn’t have an issue with buying a ~5-10 year old car if it was well-maintained, and those shouldn’t cost that much.