Yes. Buying new car is exorbitantly expensive, and it actually decreases in value as soon as you drive of the lot. Let's compare: Suzuki Ravi Autos You could have bought a classic car at a much cheaper price, and fixed it up to produce a similar value. You could have gotten a used car and done the same thing which would have been even cheaper. Keeping in mind that with a new car, you still have to worry about car payments, maintenance and insurance, and that you can't sell it for what you originally paid for it. There are no benefits to purchasing a new car. Your best bet for a good value is a used vehicle that is 3-4 years old.