My brother is thinking of selling his '95 Mitsubishi Lancer. We call it "Turismo" because of its Grand Turismo sticker. He is thinking of getting a second-hand 2003 Vios model. At his age (he is 23), he still can't afford to buy a brand new car so his options are limited to just used cars
For people our age (I mean those that have less than 5 years of working experience), it is really not practical to get a brand new car. Rather than buying a brand new car, investing on land properties is more economic-wise. It stands true especially for the fact that land appreciates as it gets older but it is inversely proportional to car/vehicle investments as the book value of the vehicle actually depreciates.
Currently, Russell and I are on the process of deciding whether to buy a second-hand car or not. AS I have mentioned, buying a brand new one is out of my league. I just can't afford it now. Besides, I am not sure if I'll be staying in the country in the next two years. Hubby is on the process of filing our papers so that the three of us could be finally together. Oh, I couldn't wait for that time to come. :)