Why Detroit is in trouble
Re-visiting the car
FWIW, Mr. K is a car guy; he follows the industry pretty closely, and wishes he'd been an automotive engineer (when he's not wishing he was a Formula 1 driver). But we always buy used cars. The newest car we've ever owned is our current Ford Focus, which was a year old when we bought it. But we once had neighbors who bought new vehicles every year or two. I guess they just figured they would keep paying car payments -- car rent, really -- on whatever was new/hot that year. I simply don't get that mindset...
FWIW, Mr. K is a car guy; he follows the industry pretty closely, and wishes he'd been an automotive engineer (when he's not wishing he was a Formula 1 driver). But we always buy used cars. The newest car we've ever owned is our current Ford Focus, which was a year old when we bought it. But we once had neighbors who bought new vehicles every year or two. I guess they just figured they would keep paying car payments -- car rent, really -- on whatever was new/hot that year. I simply don't get that mindset...