Not really. The insurance premiums on a new car will dwarf repair costs of an old car. That is if you buy it in cash which almost no one can do. Chances are you are going to take out a loan. Plus you are going to lose 5k the moment you take it out of the lot. Go ahead and prove me wrong, there are a whole mess of calculators online that will show you complete total cost of a vehicle.

Factories are infamous for having old equipment. They pretty much only throw stuff away a machine when they are totally out of room. When you are only concerned with money you repair, when you want to impress your “friends” you buy new.