Many car purchases start with one decision: New or used? It's hard to remember a better time to buy either. There are plenty of good vehicles out there either way.
In the end, the decision to buy new or used boils down to what you can afford and what will give you peace of mind.
If you're on a tight budget, then buying a used car gets you the most vehicle for the money. You can count on one hand the number of new cars that list for less than $12,000. For less than half the price of the average new car, you can buy a 3- or 4-year-old used vehicle that is larger and loaded with more features than a small, bare-bones new one. But buying a used vehicle has its own risks, which could cost you over the life of the vehicle. The fact is, you are buying a vehicle that someone else has owned and driven. You don't know how it's been driven or how well it's been cared for. A used vehicle will almost certainly require maintenance and possibly expensive repairs sooner than a new one, and those repairs probably won't be covered by a warranty.
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Article courtesy of cars.com.
Photo courtesy of Flickr: username: Axion23