Should I Buy a New or Used Car?

 
One of the biggest questions potential car buyers ask themselves is whether they should purchase a new or used vehicle. The right answer to the question really depends on what your preferences are, as both have their advantages and disadvantages.
 
Although buying a new vehicle is obviously more expensive, they also tend to be more reliable because they offer the newest technology and safety features, and because they are free of any wear and tear. Also, you won’t have any potential maintenance issues and many newer models have improved fuel economy. However, just because you’re getting a newer model doesn’t mean you’re getting the best value.
 
If you buy used, you have the potential to own a great vehicle without paying a significant amount of money. However, there is a bigger risk involved because of the lemons that are on the market. If you don’t want to spend a lot on your car or you just prefer to find something that is good value, make sure to do your due diligence before purchasing. Also, a used vehicle won’t depreciate as much, so it should retain a lot of its value if you happen to sell it down the line.