I am planning to buy a used car, as everyone seems to suggest that is more financially good decision.
I am more interested in being frugal than getting flashy stuff. Going by that, this car is a necessity for me now. Initially I planned to buy a used car that has about 60k/70k on it for about 10K dollars. But later decided to buy a car more recent, (2012/2013 models), Toyota or Honda. I plan to drive it as long as it runs without issues.
I need an advice on:
Is it financially better to buy more recent car vs buying even older car? Again, I want to save as much as I can, knowing cars are depreciating assets. I don't care about color, seats, power, etc. Just need a sedan to accommodate my family, and last longer (No public commute in my area)