Earlier quoted context omitted.
Buying 10 year old cars that are nearly fully depreciated is where you save big money. You can get a dependable car for a few thousand dollars, and even if it needs more repairs than a new car you still come out money ahead especially if you can do small repairs yourself.
> Buying 10 year old cars that are nearly fully depreciated is where you save big money. Not in my experience. You either pay in depreciation or in maintenance, there is no escaping car expenses. A 10 year depreciated car may need a timing belt/water pump, possible head gasket issues, possible transmission issues, etc.
And, in snow belt areas, you start to run into rust issues 15 or so years on.