Frugal? I'm Not Frugal. I'm Cheap!
I can afford to pay cash for new cars, but I don't. I've purchased new cars, CPO cars, and used cars. They all work out just fine, but the used cars give the most satisfaction and save the most money. I don't like to waste anything, including money.
My children learned from me, almost too well. I bought a pop-rivet tool set and a bunch of assorted rivets at a yard sale in a case for like 4 bucks. I had one, but when I see tools for my kids I buy them. I gave it to my son a while back and explained how it works.
About a week ago he texted me a photo of a cracked plastic snow shovel that he "repaired" with wood and pop rivets. He was proud! Yikes! This kid lives almost walking distance from snow shovel stores and has plenty of disposable income, but... I shouldn't have, but told him he might want to consider a new one... next time it breaks. :neutral:
My daughter 21, and at college, clips and uses coupons... Yes! She doesn't understand why her 3 roommates don't know anything about saving on utility bills, dialing down heat, turning out lights, brewing their own coffee with a Mr. Coffee, etcetera...
Back to cars. I'm checking my file. Our 2001 Impala that both my kids drove, one at a time (7 year age difference) I bought with 132,610 miles on 11/10/07 for $4,000. The car sold new 08/22/01 for $24,974.58. I have the paper work.) It's still on the road as a "salt car" for me to drive with just under 300,000 miles, no major repairs.
See the little silver car above left? It's comfy (seats hit me right!) and fun to drive. I bought that Grand Prix locally on Craig's list, 104,445 miles, southern car, new tires, on 09/04/15 for $4,000. It needed practically nothing. What a find. It'll be a summer car for the probably ten years or unless I get tired of it.
You tell me. Can I get that much pleasure from a $25,000 new car?
I still have my Caravan, it's been a summer car, with just under 100,000 miles that I bought new (purchased in 1997) for $18,000 cash (temporary insanity). It's been great, but anybody can buy a new car.