Cars are a depreciating asset

[BmorePat87]

Last October, my brother was asking what car I'd get if I won the lotto. I told him I'd stick with the one I had. Get's me from point A to point B. It's paid off. It's never given me any issues in 7 years.

8 hours later I was rear-ended into a jersey wall and my car flipped. Completely totaled.

I ended up getting the same thing, used and a newer year than mine.