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One of the useful things my dad taught me is to never buy a brand-new car unless you're into throwing away $5000 by driving a block.
That, and the inexplicable habit of trading in the almost-new car for another new car every couple of years, are two American habits I will never understand... it makes no financial sense whatsoever, it's inexplicable! Is it stupidity? Vanity? What is the appeal of purposefully losing money on that scale? Can anyone explain this?
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