I can't give up cars completely. I'm 28 years old, started buying cars in 1994, have owned up to six at one time, and I'm up to 54 as of tomorrow when I pick up an '89 Celebrity.
39 of those 54 were purchased for $500 or less cash. No payments. I don't like car payments. I'd rather buy a $300 car (like this Celebrity) and nurse it back to health over 3-6 months, then sell it for $500-$1000 and buy another $300 car...etc etc...
Even if my $300 cars only last a month each, they are still cheaper than a payment on anything new this side of a non-AC Aveo, and I don't have to carry full coverage insurance on it, either.
I've never had the opportunity to buy a car back from someone I sold it to, although there have been a few offers, I've never had the cash, or they put too much money into it, or they broke something like the transmission and wanted to unload it fast, or something wasn't right. Of the 54, there's seven I'd buy back...
'75 Olds Cutlass Supreme sedan (my first car)
'65 Chevy Biscayne post sedan (my fifth car)
'75 Ford Gran Torino sedan (my ninth car)
'80 Chevy Caprice sedan (my tenth car)
'85 Olds Delta 88 Royale Brougham coupe (my twelfth car)
'80 Buick Electra Limited sedan (my thirteenth car)
'79 Olds Delta 88 Royale coupe (my fifty-second car)
Notice a serious presence of GM B/C-body here...I love those 77-90 models. Too bad they remaining ones are being cut up and painted bowling ball colors and plastered with TV screens and 2-foot tall wheels...
I've also been through a lot of A-bodys, front-drive. 3 Centurys, a Ciera, and I'm on my 3rd Celebrity. Will keep buying those because I grew up with them. Parents had a Celebrity and 2 Centurys (second given to me as my 3rd Century to that date).
I'm trying to convince my wife to forget looking at Suburbans and Expeditions in favor of a nice '90 Custom Cruiser I found in northern Louisiana for $1400. All it needs is a alloy wheel center cap and some fresh paint on the hood and roof. Everything works, dual power seats, cold air, windows, cruise, and the guy is still getting 24-26mph on the freeway. There isn't an 8-passenger SUV that can brag about that kind of mileage on gasoline.
All I need is to save up about $20K for fees and licenses and insurance and I can open my own used car lot and go through tens of cars a month. I'll be in heaven!