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I have had good results buying certified pre-owned cars. I bought a top of the line Toyota Camry for my wife back in '97. It was three years old, had 26k miles and carried a three-year, 100k miles warrenty. She's still driving it and it has been a very good car. Extended warrenty covered nearly $1500 worth of repairs. My current car is a '97 Lexus ES300 that I bought in 2002 with 46k miles. Also carried a three year, 100k mile warrenty. I paid $20k cash. It has been a real pleasure to drive.
I have always paid cash for my cars. It's the way I was raised. My dad's philosophy was "if you don't have the cash to buy a car, then don't buy a car". Other than a mortgage I have never had ANY debt. I am retired now with a paid off house.
Grumpy
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