re: Since we are talking cars.....what is the line between buying a new or used?

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Furthermore, you get about an extra 3mpg on the newer car which saves a little extra money.

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Total BS

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2015 Camry LE = $22,800/13 = $1,754/yr
2011 Camry LE = $14,300/9 = $1,589/yr (I divide by 9, because the car is already 4 years old)

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How many people own the car for it's life? Most people get into a cycle of 3-5 years of ownership. If you divide both total values by the same number, you will get a much bigger difference.

I do agree that it is not as clear cut for every situation as some people make it out to be.