Unless you live in an urban area with many public transportation options owning a vehicle is a necessary expense out here in flyover country.
It is fact that the value of a new vehicle drops sharply when it is driven off the dealer lot. This may be true in the short term which is why my ten year ownership plan works best for us. My vehicle ownership plan for decades has been to buy new, perform all scheduled maintenance, keep it like-new clean at all times then sell it after ten years of use. Resale value is maximized and the cost over the term is kept at a minimum. This has proven to work for over 40 years.
We prefer to put as much cash down and maintain the lowest possible monthly payments. With current low interest rates over a four year term my new truck will provide six years and beyond of zero loan payments. But how about a used vehicle?