Opher Ganel
1 min readJan 21, 2020

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Thanks for sharing your thoughts Lucie, even if you phrase them with what appears to be a healthy helping of sarcasm.

As I responded to another reader, this article is not intended for rich people (who already buy new cars, except when they buy classic cars at eye-popping prices), nor for the very poor who either can’t afford any car or can at best buy real clunkers (which your comment seems to place you in this category).

The article is intended for the large fraction of us who are more or less in the middle between the two extremes. These are people who are often admonished to buy used cars to avoid the high depreciation of the first few years, and if they do dare to buy new, they get scolded that they’re frittering away a fortune in eventual retirement funds if they buy new.

The message here is that for these people, buying new and holding the car for a long time is better than the advice they’ve seen from too many “experts.”

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Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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