The value of a vehicle depreciates dramatically when you drive it off of the lot. Since the economy is in the dumps, are you as likely to buy a new car knowing this fact?
I am not really looking to buy right now. If I were going to get a car I think it would be a used car. Still in a couple years I might buy a new electric car if things keep going well for them.
Even without the depreciation, I prefer older vehicles, because the new ones are built to crumple and get totaled in a wreck, while the older ones were built to last!
