Yea, my nephew was complaining, at the dealer, about how many miles were on his, precious, truck and so the dealer offered him a solution: same monthly payments for a new truck...…. longer time of course.

@Beowulfsfriend I hope your nephew understands it is the dealer that will profit more from this than your nephew.
I have a 93 Ranger and bought it used from the original owner.. He had done some major repairs (Clutch, water pump and alternator) and I got it for $3 grand. In the mean time I have sunk another $4 grand into it and it runs well (it could use another $2,000 in repairs but it is not used often and the repairs are not serious). Before I bought the truck we looked around and for $7K I could not get as much (extended cab, liner, matching bed cover and massive aluminum rack (it's on my profile). It has only 145K miles on it. Too many people are too anxious to get a new car and they don't realize that the almost instant loss of market value often is more than repairs of their old car. Cars are built better these days and should last a lot longer then previously.

@JackPedigo i know and agree. I won't buy a new vehicle. I used to do most of my own repairs. Lost all my tools and space in divorce and live in a small apartment now. I was now pure mechanic, but did many things, if I knew what to fix. My brother was a licensed mechanic and when in was young (he was 14 years older) he would make me get dirty and fix my car while he told me a few things. My one son used to work on his vehicle as well. My college prof son had his years of getting dirty (masonry in the summers) behind him and just pays for repairs. Neither will buy a new vehicle though. They have said I could always find a good cheap car. Since the destruction of so many used cars a number of years ago that has become more difficult. No 700 dollar cars that run for five years with little work.

@Beowulfsfriend My first car was a British car (Truimph Herald) and I had to learn about basic mechanics fast. The next car was a Austin Healy Sprite but I was in the military and had access to a military shop and help so I learned more. As time went on I learned more and more. Unfortunately, today some much is connected with computers and it is difficult to do repairs. I also learned that instead of getting a new car and making payments buy a used car, pay cash and then save. When you have enough pay cash and then save for the next new car. Our last car was a 2013 Toyota PriusC. We paid case and wanted something that got great mileage, was small and easy to drive. My late partner was petite and this car worked for her size.

No, then they go to buy here, pay here high interest places to buy cars.

@sewchick57 ,
uhhh OK.

@callmedubious And then when they can't pay for that car, I sue them and pile on more debt. People make some really stupid financial decisions.

I pay cash for everything and pay myself the interest of a loan. Of course not everyone is in the financial position to do this.

@jlynn37 I just save enough to buy what I need before purchasing anything. The only loan I ever took out was to buy my current 5 bedroom house. I paid it off in about three years. Nice having more then 50% down.