We all know that driving a car off the lot causes to drop in price by two thirds. Everyone knows this, but people still buy used cars constantly. If people understood that depreciation will actually cost you more over the life of the car than the gas will, people might behave differently.
Let me tell you a story. I drive a 1990 Honda Accord with over 200,000 miles on it. It cost me $1700 six years ago when I bought it, and I've been driving it ever since. It fuel efficient, is big enough for most of my needs, and as been generally reliable all things considered.
