Is It Cheaper To Buy A New Or Used Car?

[shannonk.]

I have two trucks I purchased used; a 2013 Jeep Wrangler and a 2013 Toyota Tacoma, one in 2017 and the other in 2019. Never had an issue with either one, except a gasket leak on the Jeep about 2 years after a bought it. Both have over 200, 000 miles on and no other issues other than regular maintenance such as new tires and brakes.

[MichelMawon]

Toyota and the related family of products are a special case. Most other brands, besides Honda, will break down and wont retain much of their sticker price. Some people had new Porsche Cayenne's with break downs before even 3 years of ownership.

[rfink]

You could buy a new hybrid Camry for about $31K and drive it a few years and it will still be worth $25K. Not bad for driving a new car with no maintenance needed at all besides oil changes.

[XX]

There's a 100% chance all of those numbers are incorrect

[mirellymiranda]

You’re only paying 30k on the new car if you are buying it cash. And you will for sure have to do maintenance on it

[hiswordheals]

That 30k car is 18-20 the minute you drive it off the lot not 5 years later 😂🤣😂

[arijitpanda]

Very bad logic. You are missing the opportunity cost for 20k and also no maintenance for 10 years ?

[johnamick]

WTF?? I’ve never had a used car that cost $2k in maintenance and breakdowns EVERY YEAR.