Everybody would love to have a new car every couple of years but, for most, that’s an extremely expensive proposition — nor does it make much sense. The reality is you can’t beat a used vehicle purchased from a private owner; late model vehicles provide the biggest savings. This is primarily because most new cars lose upwards of 50% of their value in the first three years.
The bottom line: Folks who can live without that new car smell, and are willing to pay for occasional maintenance and repair costs, will get maximum value by buying used instead of new. Every time.
Photo Credit: KB35