You have received some fantastic replies. The "don't buy new" slogan is generally good advice and probably applies for most situations. However, I don't think that it is a hard and fast rule. I haven't done a formal survey, but it seems that many cars depreciate more slowly here than in the US when compared to the actual condition of the car(cars do wear out faster here). There are some who have the money, and who are not mechanically inclined and need a reliable vehicle who in my opinion, might be better off with a new car. At least you know that you aren't buying someone else's problem. Don't expect that it will never get wrecked-it will suffer at least minor damage from time to time. You can get full-coverage insurance. BTW, the nicer your car, the more likely you are to be considered as a person with money with all priviledges and liabilities associated.
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