I just bought a 2006 F150, with 96000 miles...BUT if you do the math, that is about 11000 miles per year...which is about 5-7000 miles less per year than avg....its in great shape and i paid about 1/3 of the cost brand new.

i read a lot about the attitude and behavior of the truely wealthy people in our world...and actually most millionaires buy 2-6 year old cars and often pay cash for them...why???

because like you said, they depreciate about 30-40% in 4 years...so its wise to buy 3-5 year old cars...pay cash if you can...and then they dont lose as much value after that
financing a new vehicle is the worst thing anyone can do...you lose so much money...its really a bad move unless you can absorb the loss with your wealth

really wealthy people are often frugal and wise...thats why they have so much $$$...they know how to manage it...the ones that 'show off' are usually broke and desperate to impress people around them that they dont even like...seems so stupid

if i was wealthy...id buy 40-50 acres of land, make sure there is a place to garden, hunt and at least a 5 acre fish pond, pasture for chicken and livestock and of course HERBS!!!...the really wealthy people of the future are the ones that have the land...because when s@#% hits the fan...food supply is the #1 priority and then herbal medicine...then maybe some gold/silver and guns and ammo...our 'fake' money system will fail one day...