I hate cars.

This year my car was written off when hit by a truck. So after all my research I bought a new Mazda 3. At the time it seemed like a great idea and I LOVE driving it. I can afford it and it’s fun. All seems well right?

Well, as time goes by I feel like I would like to back to school in a year. Now if I want to sell a one year old new car I feel like I will take a huge loss on it. Taxes included it cost about 26000 for it new with an upgraded sound system and a few other extra perks. If I sell it a year from now I will have about 14000$ left to pay on it. But I will probably only get around 19000$ from it. So I will have lost around 5000$ on a sale of it.

This sucks. I now really want to go back to school, and this friggin car is weighing on my mind.

Well it’s not like you let it sit in a garage and didn’t get anything out of it. Cars are for use, not profit.

From a purely economic point of view, buying a brand new car is never a good idea.

Are you saying you didn’t know that new cars’ values go down like that?

No I knew, but I was thinking at the time that I would get long life out of the car, and maybe own it soon enough so If I did ever go back to school, I would have a car when I did go back.

But you’re right a car is not for profit. Maybe I should simply be happy that If I go back to school I might have a few years without car insurance / payments.

I’m a little confused as to why you wouldn’t want a car while going to school. Is the school in, say, Ice Station Zero?

I’m always puzzled by the people who buy tin hatchbacks brand new. Not the nice little hatchbacks like the Honda Jazz, which are pretty tidy, but the rubbish ones like Daewoos/Chevrolets. There’s the warranty I guess, but not much else.