Reasons to buy a preowned car?

My parents are insistent on buying me a brand new car.

I just need a car that will get me to places even though I like new cars.

They have bought me a brand new car before, without consulting me.

It was a Honda hybrid and it STILL had a minor problem. Probably not enough to be a lemon.

Since it has no problems, my sister and I swapped cars and now I drive her 2002 junky car because she's a reckless driver and she moved to the city.

I'm not sure if it will last until I have enough money saved to buy a preowned, decent car. I might have to turn to my parents.

They don't have a lot of money right now and they're trying to sell the house but they're retired (they had me when they were kinda old).

Don't cars lose a big chunk of their value within a year especially when driving off a lot?

Maybe I can meet them halfway and ask for a car as not older than five years?

What are some reasons I can convince them if my car breaks down for the last time?

People with money to waist buy cars for a few days then for some reason they do not like it, and just for those few miles that they put on them the prices drop a bunch, they are basically new but worth a lot less. So why not safe those few bucks… The miles on the car might drop the price even more than the year of the car…

New cars are the worst financial decision that many people make in their lives.

Most millionaires buy used cars.

The concern some people have is that used cars are other peoples problems. That's absurd.

A new car is used the moment you drive it off the lot & it loses a lot of value.

However, if you don't know what you are doing, you could buy a bad used car.

Its always best to take LONG test drives and then if you still want it, have any used car checked by a mechanic.

Used cars will need an occasional repair or more maintenance than a new car but for the savings, its worth it.

I'm a millionaire. I drive a 94 model and have for the last 8 years.

Most people spend more on 1 months insurance do than I do for a years repairs.

And my insurance is dirt cheap.

I figure I've spent about $1500 in maintenance & repairs over the last 8 years that a new or newer car might not have needed.
A new car cost $20k+.

My car cost $1900.

My insurance savings are significant too.

Do you want to build wealth or do you want to drive a new car every 3-4 years?

http://www.daveramsey.com/article/drive-free/

I've never bought a new car & I never will.