re: Car Guys: Keep, Sell, or Trade

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Bottom line is, you're not really spending "millions" by having a new car every few years, unless you don't look at the whole picture.

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You have a point - if you're going to spend it on other stuff, and not invest it, sure. But this is the money board.

6% interest on that car payment for 63 years is millions of dollars of unrealized investments.

Of course there are non-pecuniary benefits to buying new cars. Just don't borrow money to do it. Or if you borrow money to do it, don't pretend you're "saving money" or "making a smart investment". You don't consider running your air conditioner wide open in July a "smart investment", but you do it anyway to be comfortable. Buying a new car (with borrowed money, with interest) is a HELL of a lot more expensive than that.