I bought a new Toyota in 04′ and another a few weeks ago and have no regrets. I negotiate prices that are darn close to what used models with 15k miles on them are selling for, and for Toyotas resale values are not that much less for the previous model year. Certainly not less enough to justify me losing 1 year of the warranty, having to buy from an unknown person, car condition etc. The cost of ownership over the life of my vehicles is less than almost all American cars and if past experience and consumer reports is any indicator, I will be driving these vehicles past 200k miles. How exactly is this one of the biggest mistakes I will make in my life?