Depends on a person's lifestyle what works for them. I've purchased new and used vehicles throughout my life. Will never buy a brand new again, not worth it. People mistakenly think that a vehicle is an asset, depreciation hits as soon as you sign. Now, I look for cars with extremely low miles in good mechanical order. I tend to change up maybe every 5-6 yrs. If folks have the $, good for them. Neither is wrong.