...except that you've contributed over $16000 towards the ownership of nothing in the span of three years or just over $14000 in that same span towards owning something... Not only that, but keep the one you're buying for five years and sell it for $12000 and you're only out of pocket $12000 for a five year span.
I guess it is a matter of preference though.
My wife wants a new car every year so I can blame her for the poor decisions.
I guess it is personal preference of mine to have a new vehicle and not have to worry about expensive maintenance down the road. Me thinks I am paying for the convenience.