jimjom wrote:Jeff should I buy a new car or used car. I'm in the market for a new vehicle. May even go truck. Thanks.
The best financial decision is usually to get a used car as you skip out on that immediate "loss" as soon as you drive a new car off the lot. However, ultimately, it may depend. Used car prices are higher nowadays and some cars hold their values better than others. Also, when thinking about trucks, it depends on the kind of truck. If it is a work truck, a used one could be fairly beat up. Have to look at the warranties offered on new vs used and see what you can get. Factor all of that in to the money you save.
Long story short - the gut reaction is to get a used one to save the money. A lot also depends on your financial situation. If you are open to doing whatever and want to save the most money, get an older Honda or something that is known to last a long time. If you need something more specific (like something with more seats for kids, a truck for work, etc - so you dont have as much flexibility) and you need it to be an everyday reliable thing so you cannot go TOOO far used, you have more research to do. If you find that a 3 year old car is not all that cheaper than a new one and you want the warranty and everything else that comes with a new car - that may be a better option.
For instance, I was looking for a bigger car as my family has grown. I wanted decent mileage and good safety. This limits the choices so I cannot just take anything. It is something we will use a lot and especially on long trips. The 3 year old one was only 3000 cheaper than a brand new one...I would go with the new one in that instance.