<prompt> Human: Ive never owned a new car. Im intrigued by the allure, because obviously it must make sense for many. Im now in a position to upgrade my trusted, high mileage, Toyota. Before pursuing the best financial avenue, Id like to better understand what I might not be factoring in financially to buying something new. I have no qualms with a factory certified pre-owned vehicle that is a year or two old. Is there ever a financial incentive to buy new? Thanks, this sub has been invaluable.  <response>: No financial incentive to buying a more expensive depreciating asset. The trick is to have it not significantly impact your net worth. Buying a new tesla when you only make 40k is a bad idea. Buying a new tesla when your net worth is 2 million? no problem. 