re: Why do people tie up huge chunks of income in expensive vehicles?

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This describes every German car on the market today. Buying through a used car wholesaler recently, I was surprised that you can buy just about any 2 year old Mercedes for less than half its initial MSRP. From the E class to the $100,000 S class, this holds true, and these are manufacturer certified prime lease returns too. You can get an E350 with 15,000 miles for $28,000, that cost $65,000 new 2 years ago.

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see all the porsche cayennes on craigslist for $10k.

there's a reason they're only $10k no free lunches.

Roger is trying to say you do you, but that doesn't mean everyone has to do what you think is best.

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I have always been one to buy a new car and drive it till it dies. But thinking about retiring as young as possible has me wondering about buying a used car instead and investing the difference.

Anyone with thoughts on buying used?

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Yes. My thoughts are 100% buy used and push your money towards retirement.

they buy the 40K truck to show how manly they are and to hide the fact that they probably have a small penis

Yep, spent 4K cash on a used 97 4Runner with 120K miles, have driven it for 5 years now with no issues and odds are in my favor that it will last plenty more.

It’s safe, reliable, insurance is dirt cheap, and I’ve saved a ton of money over getting a newer car. Sure, it’s missing a lot of new features (mostly tech) but it’s got everything I need

Even if it broke down tomorrow, I could scrap it and just get another 4-6K 4Runner and keep trucking and be way ahead.

Problem with 20+ year old cars for a DD is the safety aspect. They will lack multiple (often driver only) airbags, possibly ABS , modern technology crumple zones.

If saving money is a priority obove all then by all means.

I don't get this either. Once had a string of decent vehicles setting a $10k limit.
Though new is nice and every so often it's fun to be the first to own a vehicle.
Though financially used is the best, especially with 100,000 miles being nothing to a newer vehicle.

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ou only live once, enjoy the present because the future isn't guaranteed.

Ultimately this is my opinion (but not necessarily how I live). Time is my most limited resource. We’re all gonna die and you don’t get to cash in your tickets when you’re on your death bed. If you have a bunch of money you saved all you’ll do is pass it on to your ancestors who could be total shitheads and waste it for all you know

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I have a sibling that ensued the "you only live once" philosophy, and made fun of me for driving modest/used cars, buying less house than I could afford, etc. Now we are in our 60s, I am retired, enjoying life, and he will spend the rest of his days working. I may have a pile of cash that will get inherited by my kids, but that is a way better position to be than being old, having to work, and living paycheck to paycheck.

I like how there is nothing in between the $1k craigslist shitbox and a $40k brand new vehicle on the OT-L

Just a quick Autotrader search shows me one can get a nice clean Toyota Camry with less than 60k miles for less than 10k, actually down to about 7k. That's a good dependable car most anyone could get another 10 years and 150k miles out of.

Last car we bought in 2014 was a lightly used 2014 Mazda CX-5 Grand Touring w/ 8k miles. Heated leather, technology package, remote start, etc 31k sticker when it was new. Got it for $23.8k which was around $25k after taxes tag title etc. With interest at less than 2% it doesn't even make sense to pay with cash.