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Buy Used, Or Buy New?

Illustration for article titled Buy Used, Or Buy New?

This question has led to as many internet flame wars as whether you should use conventional or synthetic oil. You pay more for a brand new car, but you get the peace of mind of knowing that no one else has ever owned the car, as well as a full factory warranty. This is worth a great deal, and it’s reflected by the fact that any new car depreciates significantly the moment it rolls off the dealer’s lot under new ownership. On the other hand, there’s a strong argument that it’s better to let someone else take this initial depreciation hit and buy a better used car than you can afford new. So which is better?


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