<prompt> Human: My neighbor, who was a long time mechanic, has a car-buying strategy that is somewhat different, and I want to know your thoughts.He suggests: start off buying a modest new car with a long term loan. Pay each payment above the minimum if you can. When before the warranty runs out, trade it in for another new car about every 4-5 years. The idea is that you maximize the trade-in value, and youre essentially trading up because you can get more car and have a smaller payment. Also, everything is always covered under warranty.Now before anyone starts rage-typing a reply, let me make a few things clear. I see a few red flags, and I want to point them out:1. Yes, you always have a car payment.2. Ive read that long car loans arent advised.3. Cars are his passion, so that probably influences this strategy.This is probably a personal preference type question, but I do want to hear your thoughts on this. It is very unconventional. Im not a teenager who wants to buy a new BMW so dont tell me to go pay in cash for a 97 corrolla instead - not asking rFrugal.About me: good, stable income. Financially independent.As always, love this community and your thoughts. Looking forward to the responses!  <response>: So this strategy maximizes the amount you lose to depreciation by buying new cars often, then makes sure you have a car payment so you also pay interest on the loans by always getting a new loan before you pay off the old one. It sounds like one of the WORST car buying strategies possible. 