Recently I bought a used 2007 Honda Accord with low miles from a private owner. Nicely priced and paid cash, no payments with its interest. Minor dings and runs great. No Bluetooth access on stock radio but I can add in an aftermarket adapter. Can I afford a new car? Yes. Do I want to fork over $25/k or so? Nope— not on a depreciating asset.
That is what most people miss about buying a car.
Never finance a depreciating asset. Not smart.
Im with ya! New cars are a colossal waste of money!