Some of ya'll need some serious help with negotiation on new cars. Either that or stop buying crap cars new. I really can't think of to many cars that depreciate 80 percent in 5 to even 7 years.
My 04 cobra. New was 34k. Has 30k miles on it and could easily sell for 25k. 11 years and not close to 80 percent depreciation.
My 10 GT. New was 27k. Has 35k miles on it and could easily sell for high teens. 6 years old (10 model bought in 09) and not even close to 80 percent depreciation.
I could go on and these are MUSTANGS.
If you are paying MSRP for a car you have no room to poke fun at people that paid MSRP for a pinball machine. Just saying.....
Also, no warrantee us great, if you can do your own mechanical work. Fortunately I can but if you can't you better think about them. But even if you can, parts aren't free and can add up fast depending on what breaks.
Not saying that buying used us bad (I buy used all the time to) but some of you are way over exaggerating in order to try and justify yourselves.