<prompt> Human: Im looking at buying a brand new subaru forester because my car is 10 years old and literally dying it broke down twice on me. I make 105,000 a year and this new car would cost me 28000. I currently have 80,000 in my checking account that I have no use for I maxed out other savings, 401k, ect. I plan on keeping this new car for a minimum of 6 to 7 years. I usually save around 70 of my pay check per month pretty frugal, 700 a month in rent, dont go out much. On PF I was told its never a good financial decision to buy a new car. My logic is that the depreciation of a subaru or toyota is very slow, sometimes less than 10 in the first year. I also would be wasting a lot of my own time doing maintenance on an older vehicle. I think the most logical thing for me to do is buy a new car thats relatively cheap for my salary in cash. Edit: here is some data for around the DC area for subaru forester 2.5 limited, 2016 and 2015 model years. R mydata read.csvcars.csv Viewmydatafit - lmPrice ., datamydata summaryfit anovafit layoutmatrixc1,2,3,4,2,2 plotfit plotmydataPrice mydataMileage, col mydataCar , pch16 legendtopright, legend c2016, 2015, col cred, black, pch 16  <response>: its usually a better financial choice to buy a car that is 1 or 2 years old. But given that you are looking at buying in cash - if having a new car complete with teh warranty and everything else is worth it to you, then do it.The main thing people forget tho is insurance. dont forget that is going to increase with a new car. It sounds like you wont have an issue with it, but just another factor to consider. 