conversation: User (gsdub11): "Yes as soon as you drive it off the lot, it takes a huge depreciation hit and loses value - but should your own personal car that you want to use for the next 10-15 years really be viewed as an investment? Who cares if it has no useful life if you plan on running it into the ground anyways.\n\nDon't used cars have more baggage? Sellers hiding issues with the car? I don't trust craigslist and used car salesmen may just care about commissions.\n\nMy situation: 23 driving a 2001 Honda Civic with 105k miles and 0 issues (it was my dad's). Why would I need a new car then? I love cars and I'm bored of mine and I want something with all the new bells and whistles. I make $52,000, monthly expenses are around $1,200 including rent, and I contribute 15% to my Roth 401(k). I really want a 2016 Accord Sport or Civic Coupe. And I can build my credit by buying a new car. Can I do this, or is it a very unwise financial decision? Hondas are very reliable. \n\nEdit: I have $11k saved up and don't spend a lot outside of my expenses. 0 debt."
  Self: "If you have that much in income and really want a new car save up for something better then a civic. "
  