You can eat your cake and have it, too. I have never spent more than $5000 on a vehicle, and I have only ended up with one lemon. Sometimes I do mechanical work myself, but only because I enjoy it. The rest of the time, I spend the money on a decent mechanic. I still come out ahead cost wise, even if you count my time, trouble, and other intangibles. Even better when you realize that my vehicles suffer virtually no depreciation.
A few hours of research and a $100 inspection prior to purchase will ensure you good odds of buying a reliable vehicle. There are no guarantees, but you can get pretty damn close. If you aren't comfortable with your own judgment, I'm sure you know someone who can advise you.
If you do choose to buy new (or relatively new), an 8-10 year ownership should be your goal. It usually takes that long to get real value for your money.
A few hours of research and a $100 inspection prior to purchase will ensure you good odds of buying a reliable vehicle. There are no guarantees, but you can get pretty damn close. If you aren't comfortable with your own judgment, I'm sure you know someone who can advise you.
If you do choose to buy new (or relatively new), an 8-10 year ownership should be your goal. It usually takes that long to get real value for your money.