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>You can buy a car (or truck) for $3000 that will last several years without requiring any huge mechanic bills or exotic maintenance - heck, I’ve done it. I've done it, too. The thing is, even if the car is perfect, a car 10-20 years behind in safety features is dramatically less safe than a new car. On top of that, a $3000 car is not going to be perfect. Your suspension will have a lot more slop, etc, etc... I mean, I'm not saying that a $3000 car is necessarily unsafe, just that it's less safe than a new one, and if you carry adequate liability insurance, the tco might not be that much lower than a cheaper new or nearly new car. Now, most people only carry a few tens of thousands of dollars in liability insurance, and don't really concern themselves with risk to other people above and beyond that, if nothing else, out of financial necessity, and in that case, yes, the $3000 car is the clear choice. |