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GasBuddy News Article

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Is it better to buy a new or used car?

autos.yahoo.com -- One of the biggest dilemmas when buying a car is whether to purchase new or used. As we head toward the end of summer, the 2012 model year is winding down. There are tempting deals being advertised at every turn. In these dynamic economic times, does the conventional wisdom still ring true, that it is cheaper to buy used than new? Our analysis provided a fresh, and even surprising, insight.

To crunch the numbers, we looked at current deals....


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Submitted Jan 27, 2013 By: livedream
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Is it better to buy a new or used car? Back to Topics
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travelzonecente
Champion Author Riverside

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Message Posted: Aug 8, 2014 12:21:31 AM

Big money is saved when you buy used
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travelzonecente
Champion Author Riverside

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Message Posted: Jul 18, 2014 7:53:05 AM

Save money buying a used car
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travelzonecente
Champion Author Riverside

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Message Posted: Jul 11, 2014 12:52:32 AM

Better to by a used car than a new one
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travelzonecente
Champion Author Riverside

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Message Posted: Jul 5, 2014 1:12:44 PM

Used car all the way
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travelzonecente
Champion Author Riverside

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Message Posted: Jun 28, 2014 7:54:07 AM

the Demo car or the Owner of the dealers car is the way to go
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travelzonecente
Champion Author Riverside

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Message Posted: Dec 17, 2013 6:25:00 PM

Dealer demo is the way to go
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travelzonecente
Champion Author Riverside

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Message Posted: Dec 15, 2013 2:23:54 PM

By the dealer demo cars is the best.
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travelzonecente
Champion Author Riverside

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Message Posted: Nov 14, 2013 4:24:28 PM

Used lease car with low mileage
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HawaiianGuy
Champion Author Idaho

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Message Posted: Jan 28, 2013 12:08:11 PM

My strategy is buying only new cars, maintaining them meticulously, and hanging on to them for decades and hundreds of thousands of miles. I recommend it.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 28, 2013 8:43:22 AM

My car & truck give me no troubles at all, so why change a good thing?
Besides, why take on new monthly payments, higher insurance costs, and steeper annual county taxes?
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remay
Champion Author Houston

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Message Posted: Jan 28, 2013 7:55:07 AM

Uh... the DATE on this article is - Tue, Aug 21, 2012

REALLY??? NOW???
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SkooterG
Champion Author Phoenix

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Message Posted: Jan 28, 2013 1:53:24 AM

Good analysis and comparison!
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Z51Corvette
Champion Author Austin

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Message Posted: Jan 27, 2013 7:43:36 PM

Nice post Nomad!!!
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Z51Corvette
Champion Author Austin

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Message Posted: Jan 27, 2013 7:40:09 PM

Well many have their own opinions... but usually anything under 3 years old you can get a pretty good bargain.
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GDAE
Champion Author Wichita

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Message Posted: Jan 27, 2013 7:34:58 PM

Depends.
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nomad228
Champion Author Columbus

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Message Posted: Jan 27, 2013 7:28:49 PM

well lets put this way for the price their charging for a new one , i could buy a classic and have it totally restored/brought up to date for about half ,and once i did it the car/truck would increase in value every year instead of losing 5-10 k in value once i drove it off the lot of a new car dealership. even the courts are in on this little scam claiming the dealership has overhead,and yet their salesmen get bonuses and raises every year on top of paying this overhead.so if you buy a car /truck and keep it in mint condition you can not sell it for as much as a car dealer can ,because as i said even the courts are backing up the claim of them having overhead for shall we caring for the vehicle and storing it. even as a individual selling a vehicle you can not claim the same types of overhead. so the whole industry is set up to benefit the dealers ,even?if their vehicles are in worse shape than the one your trying to buy or sell privately. blahblahblah means i have not and will not buy a new vehicle off of any dealership anymore for this very reason.because their prices are insanely high.they are selling small trucks for the price of a fullsize and fullsize trucks for the average yearly salary of workers.so by the time you even come close to paying it off,it is falling apart.even with a 100000mile warranty. i'st a trap they have taught americans to get into .buy one get rid of it in less than 5 years ,get another ,repeat for life.so your continually in debt to the auto makers.used vehicles are now selling for more than a new one just 3 years ago.ii think the auto industry believes their own hype and this is why new auto makers are popping up to compete with them ,for customers who will not buy their overpriced vehicles of the big three and some foreign brands. the next one i buy will be a 1957 napco 4x4 chevy ,and then upgrade it with some modern equipment.let's just say the big three need to come back to reality or they are going to be shutting in some more factories here in the united states.
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Jan 27, 2013 7:26:48 PM

I think that one should use common sense. Only buy what you can afford. And, make sure that sale is from a reptutable salesperson...preferably someone that you know and trust!!
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Digger52
Champion Author Chicago

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Message Posted: Jan 27, 2013 7:24:49 PM

It's which can you afford. . .
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danlanman
Champion Author North Carolina

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Message Posted: Jan 27, 2013 7:23:34 PM

it depends...
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Endoman5000
All-Star Author Michigan

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Message Posted: Jan 27, 2013 7:21:01 PM

I agree that it depends on your situation.
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ok603
Champion Author Boston

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Message Posted: Jan 27, 2013 7:20:16 PM

New is for me
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Godozo
Champion Author Gary

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Message Posted: Jan 27, 2013 7:17:52 PM

I once remember calculating that it would have been better to buy a new car than a used car, based on mileage of the used car versus the price. Haven't regretted it, since it was through my brother-in-law.
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marinedad1949
Champion Author Lancaster

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Message Posted: Jan 27, 2013 7:15:21 PM

Depends on your own individual circumstances.
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fcdriver
Champion Author Tennessee

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Message Posted: Jan 27, 2013 7:09:56 PM

used car but they are getting scarce
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carinthuist
Champion Author San Francisco

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Message Posted: Jan 27, 2013 7:09:01 PM

used
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brprven
Champion Author Dallas

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Message Posted: Jan 27, 2013 7:08:57 PM

I have bought new
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Cashless
Champion Author Akron

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Message Posted: Jan 27, 2013 7:06:59 PM

Used!
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rf6480
Champion Author Miami

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Message Posted: Jan 27, 2013 7:05:54 PM

never owned a new vehicle and probably never will. Let someone else drive the bugs out. Plus the new cars have too many computer parts to go bad.
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tdc007
Champion Author Lexington

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Message Posted: Jan 27, 2013 7:05:14 PM

Depends on use.
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sillywagon
Champion Author New York

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Message Posted: Jan 27, 2013 7:04:34 PM

Depends on what you want, and what you are willing to spend.
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Barfood
Champion Author St. Louis

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Message Posted: Jan 27, 2013 7:03:24 PM

Probably depends on how long you intend to keep your car. I figure 10-15 years.
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MrGasKGB
All-Star Author St. Louis

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Message Posted: Jan 27, 2013 7:02:27 PM

Usually for the low milage I drive annually a used car with a remaining factory warranty is my best buy.
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eye-spy
Champion Author Quebec

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Message Posted: Jan 27, 2013 7:00:46 PM

I've always bought used.
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paulweb
Champion Author Ohio

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Message Posted: Jan 27, 2013 6:58:52 PM

Only buy new when a good used car is not available.
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Carol7777
Champion Author Houston

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Message Posted: Jan 27, 2013 6:56:08 PM

I've always purchaesed new vehicles because I thought used ones might have concealed problems or defects. And, of course, new ones had a good warranty. However, after reading this article, I may reconsider.
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tobasco
Champion Author Los Angeles

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Message Posted: Jan 27, 2013 6:51:42 PM

Leasing is only good for the dealer.
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Yetie
All-Star Author Las Vegas

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Message Posted: Jan 27, 2013 6:49:18 PM

I've found Leasing is the ticket.
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srchr
Champion Author San Jose

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Message Posted: Jan 27, 2013 6:45:50 PM

depends what you want - if you plan to keep the car, used is always cheaper
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mplato
Champion Author Columbia

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Message Posted: Jan 27, 2013 6:44:09 PM

not from government motors or chrysler... and never the first production year of a vehicle
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UC2
Champion Author Ventura

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Message Posted: Jan 27, 2013 6:43:24 PM

better buy used,
unless it was delivered on a raft down the falls to the used car dealer.
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berniMI
Champion Author Flint

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Message Posted: Jan 27, 2013 6:40:44 PM

Everyone's situation is different. I'm happy with the car I have, it is well maintained, drives and rides great.... my mechanic says if I ever want to
get another one, he will be the one who buys it.

Long story short... I'm keeping it... and the mechanic too. He's Great..and
reasonable.
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Suzzoom
Champion Author Nevada

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Message Posted: Jan 27, 2013 6:39:41 PM

I choose Door Number Three: keep the one I've got & give it tender loving care.
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JagXKR
Champion Author British Columbia

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Message Posted: Jan 27, 2013 6:38:12 PM

When I win a lottery I will buy new, until then I will stick to the used vehicles.
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snell snail
Champion Author Atlanta

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Message Posted: Jan 27, 2013 6:37:22 PM

....buy 'used': auto insurance $$ is less.......
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AC-302
Champion Author Los Angeles

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Message Posted: Jan 27, 2013 6:36:52 PM

Generally speaking, it's cheaper to buy used. Here now, for the first three years of a car, the depreciation is 20%/y. Thereafter, for the next four years, the depreciation is 10%/y. so technically, the sweet spot is 2.5 to 3 years used. However, I bought my last two brand new, and have had one for 7 years now, and the other for, hmm.. about 12 years now. I find it better to buy new if you're going to keep them awhile, because you have low maintenance for the first 5 or so years. But that's me, and I don't buy fancy luxury cars - mostly utilitarian mid-sized ones.
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gir1938
Champion Author Indianapolis

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Message Posted: Jan 27, 2013 6:36:11 PM

a good used one
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element07
Champion Author Oklahoma City

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Message Posted: Jan 27, 2013 6:36:00 PM

In most every case, you're only losing money when buying new. The smart thing is to buy used unless you have money to spend/burn..
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swrestler
Champion Author Grand Rapids

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Message Posted: Jan 27, 2013 6:35:16 PM

It All Depends What You Can Afford...
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Noewal
Champion Author Virginia

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Message Posted: Jan 27, 2013 6:33:53 PM

All depends upon your personal situation. I have two cars one 12 years old the other 10 years old. I want a new car, but I know that I will be leaving the country in the next couple of years and won't be back for several years, so buying new really is not an option for me. A newer used car is more reasonable.
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MRHONEST
Champion Author Illinois

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Message Posted: Jan 27, 2013 6:32:09 PM

Just having a car makes me happy!
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nozzle46
Champion Author Little Rock

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Message Posted: Jan 27, 2013 6:32:03 PM

But are they comparably equipped cars? I alway want fewer bells and whistles which usually weights it toward new.
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