2 years and still going. it drove me to minnesota and back twice. florida and back, and have yet to do any repairs. it has 154k on it now, and if i take care of it, it'll last me well past 200k.
now you go out and buy a 20k car. well 5 years from now, that 20k car is now worth no more then 10k. you lost 10 thousand dollars, not too mention the interest you paid for it. if my car were to just spontaneously combust, i only loose $1500, plus i paid cash for the car, so i didn't have to pay interest on it.
i pay $400 a month into savings and retirement. now 200 of that is in savings. if i do that for 10 years, i'll have 24k in cash not including interest, plus the retirement fund i've been paying into for over a year now. so after 10 years i'll have 24k cash and you'll have a 10 year old car, worth no more then 3k, filled with shitty speakers. btw when i'm 60 and have been paying into this retirement fund for 40 years, i'll be a millionaire.
but you have fun with your new car //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif