Buying a new car is generally a bad investment, the first few years depreciation is killer. However, if you are the type that keep a car a long time, buying a new car may be the way to go. Maintenance is important with respect to a car's longevity, and with a new car you have control over that from day one. We bought our "clunker" Explorer new 16 years ago and it is still a reliable vehicle. However, it gets 17 mpg overall and I know it's just a matter of time before something major malfunctions. I believe we, and others like us, are prime candidates for this program
My major problem is the WAF (Wife Acceptance Factor). She really, really likes her Explorer. We were looking at a Honda Fit and she likes it, but she is emotionally attached to her Explorer. Logic, such as the Fit has better safety features, better overall reliability, and a lot better gas mileage, have little influence. I guess I should be thankful that she isn't the type that wants a new Beemer (not like that would actually happen).