Originally Posted By: Cujet
I'd go for a new Toyota in a second.
Not only because the quality is there, but because they generally drive far better (are more of a pleasure to drive) than lesser vehicles. Your Hyundai is nowhere near new, and the risk of expenses is there. Especially considering that you are still paying for it.
Repeating myself again here: Cars cost a certain amount "per mile". Gas-capital costs-insurance-maintenance-etc. A new vehicle, purchased at a fair price, maintained well, and kept for it's lifespan, will be between 2 and 5 cents more per mile than a used, or older vehicle. (within classes of vehicles, can't compare a prius to an F150, clearly the truck costs more per mile)
People concentrate on the capital costs of a vehicle, but many don't understand that the other costs can easily be far higher, over the life of the vehicle. That's where Toyota and Honda can do very well over the long term. They may cost more up front, but maintenance is often far less, and more miles are the result. Cost per mile is generally better on a Toyota.
Yes, I know, you can purchase a used Taurus from Grandma for $500, with 20,000 miles on it, and drive it another 200,000 miles, all while getting 30MPG. I've been looking for such a deal for 40 years!
I guess you know more then Dave Ramsey, the financial (get out of debt) guru on the radio, and TV, and author of lots of books. And a self-made multi-millionaire.
Dave would disagree with nearly everything that you wrote. And in fact, he would think that your advise leads to a financial mess.
Perhaps you should call Dave up. Offer to go on his show and straighten him out. It could be that you know something that he doesn't.
Seriously.
PS Thank you for being you. Without folks like yourself, the automobile industry would be out of business long ago, as would many banks, and financial companies. Oh, and I thank you too, for keeping the American economy proped up.