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When Buying New is Smarter Than Buying Used
When Buying New is Smarter Than Buying Used-January 2024
2024-02-19 EST 22:13:46

Last week I made the assertion that of course I was only half-serious about that title. Most of you agreed, and reiterated that you can get more car for your money if you are willing to roll the dice. However, some of you rightly pointed out that buying a new car might be the better option.

Being knowledgeable Jalop readers you cited reasons such as:

"You don't have to deal with someone else's farts in your seats."

"You control the maintenance history."

"Most loans are more competitive on new cars."

"Some cars just don't depreciate that fast."

For the sake of balance, I have again scoured the internet for examples where you are probably better off avoiding the pre-owned market.

1. Love for the Miata runs deep in these parts, and on the surface this u seems like a good buy for less than 21k. That is until you find out you can .

2. It seems no matter where you are the truck market is always strong. So strong someone is charging over . Seems a bit steep to me especially when you can pick up this new

3. Lightly used popular mid-size sedans often suffer the same fate as the pick-up trucks. Take for example this Not too bad considering the new MSRP of about 32k, however if a new proposition seems much better.

4. Lastly you would think you could save some cash by getting a used street-legal rally car like this used However, given the how these machines bring out the inner hoon in everyone, perhaps it's best just to spend a few hundred more and

Just a quick note on pre-owned performance cars. Many of you have said you would "never" buy a used car that is specifically performance oriented fearing that it has been hooned to death by the previous owner. However, if you legitimately don't have the budget to get a new one, your dreams of a fast ride shouldn't be squashed. I do recommend being extra vigilant and patient until the right example comes around.

I am of the philosophy that there is no one "right" car for everyone and that there is no one "right" way to buy a car. Whether it be buying new, used, CPO, or lease you need to decide what is best for your needs and budget. My job is to give my customers all the options available so they can make the most informed and confident decision possible.

Thanks for reading!

My name is Tom and I run I am a professional car-buying consultant, which means people pay me to help them select the right car (NO YOU CAN'T HAVE A PRIUS) and negotiate with the dealerships to get them the best price. If you have any other questions or suggestions for future posts about the car-buying process please let me know. You can find some of my other posts on car-buying

You can also find me and

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