Congratulations and keep up the good work! Like other people here, I doubt that we’ll ever buy a new car again. The depreciation hit is just too much to stomach. Why throw money out the window? For many years we drove old high mileage Infinitis, and I don;t think we ever paid more than $2000 for any of them. We still have three of them, and they’ve all been chugging along dependably without the need for anything other than oil changes and minor maintenance. After buying a flawless 2008 Mercedes E350 for $7800 (using cash of course) last year, our standards have gone up a bit. Haha! In the future this will probably be what we’ll look for as a minimum-level replacement vehicle because we love the smooth ride, incredible power, and luxury. I figure that we’ve saved at least $100,000 over the last 15 years by buying and driving high mileage used cars. I often tell people that great cars can be bought for very little money if one has patience and uses common sense, but very few people seem to believe me. People think that new cars are so much more dependable, but that has not been my experience. The only major breakdowns that I’ve ever had involved a relatively new rental car, and a Toyota Camry that had a major malfunction at 48,000 miles. We’ve driven at least 8 cars with more than 200,000 miles on them and never had a significant problem. Buying a good used car is probably the single biggest money saving activity available to anyone interested in FI.