If everybody followed that advice and bought used, there would be no used cars to buy.
SOMEONE has to buy new vehicles so that there are used ones. Millionaires are only a tiny fraction of the population so if you're waiting for their discards, you'll be waiting a long long time.
In both of my last NEW truck purchases, I was able to purchase a NEW truck for less than any comparable USED truck. When you look at a used truck the price is the price, but time you get incentives and rebates and whatnot on a NEW truck, it's usually less than the used one. You get a NEW truck, with warranty, and no miles on it, instead of someone's 5 year old castoff with 50-90K miles on it.
