The New Car Conundrum

Shorter post today – the summer weather is HOT! And car purchasing decisions can make a person sweat, or not.

Last July, yours truly bought a new car – after 16 years driving the same fully-paid for car. The old car was purchased as a certified pre-owned (back when CPO saved tens of thousands of dollars); the new car purchase last year was a brand-new car from a dealership. There were “those people” who commented, “Why buy a car now (last July) amidst high prices for new and used cars? Why not wait for prices to come down?” There were valid reasons to ask those questions. But looking back, the decision was a wise one and has stood up amidst full-on, continuing high inflation.

When the time comes to replace an older vehicle, even inflation may not hold up as the most valid reason to delay the purchase.

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