Most of us freak out when we lose $1K or $10K on an investment, and you will never forget nor forgive that brother-in-law who told you to buy that stock; or get upset when we paid $10 extra on something we bought last week but on sale this week, but when we buy new cars, we knew going in that we will lose $10K-$20K in 1-2 years, yet we will do it. For one thing, I don't see any solution.
My experience with many European cars is $5K drop in value per year after the first 1-2 years. That is $500 a month leaks out of your pocket no matter what you do or don't do. There is some smart logic for buying cheap Japanese cars, financially speaking.
I like this 04 Cadillac sedan, waiting and may buy it, but I will lose $15K in 1-2 years. What can you do?
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