re: #732 turn

Good advice. Always let someone else get hit with the depreciation. Only way that doesn’t totally make sense is if you buy new with the intent to drive it til the wheels come off. That’s what we did with a 2005 Toyota Corolla. We figure we’ll have it for a good long time to come. Our other car is a Honda Accord I bought in 2000 used. I love that car. 200hp, gets good mileage on the highway, and had all the bells and whistles they put into the EXV6 back then. Both cars are paid off, so only routine maintenance and insurance/registration fees. That’s plenty of incentive not to go and buy another car. Why should I?

Many other people make that same decision.

Meanwhile, there’s word that GMAC is back in the leasing business after a hiatus. That might improve sales marginally, but credit is only going to those who can afford ‘em or else you’ll see higher interest rates.