I bought a brand new 2014 Honda Civiv LX for $21,635, $750 down, $419 a month. I traded in my Jeep for 1800. After I got my Civic a few weeks later someone told me I could of gotten a way better deal by buying, say, a 2010 brand new Honda Civic and have way less monthly payments and the value would be the same because as soon as I drive the 2014 off the lot, the depreciation is gonna eat up value of it to about the same anyways as the 2010 Civic. He said I would get about the same features (gas mileage, fairly recent, etc.) so I am paying way more for the value of the same thing essentially. I am a college student with some money but not a lot. I support myself. Was this a poor choice I made? Was this guy's comment accurate? Is there any other variables that could argue his point?
Read more: Should I have bought a new 2014 Honda Civic or new 2010?
