02-28-2018, 03:12 PM
One can't pay down a new car as fast as they depreciate in value, I've never owned a new vehicle and have no plans to. You can buy a good used car with a warranty and save a lot of money. It's been a seller's market for used cars since the "cash for clunkers" program that required the trade-ins to be destroyed and removed part of a "generation" of used cars, but that is expected to change later this year as a cycle of lease returns, previous rental cars, and regular trade-ins combine inventories and change to a buyer's market.
ETA: clarity
ETA: clarity