In the current market with all the deals out there, is it better to buy a new or used car?

You see all the deals on new cars and i would like to know if used car prices/values have fallen as well.|||If you can afford it, go new and get a good deal on it. Everybody says new cars depreciated as soon as you buy them, but that's assuming you pay RRP. If the car would depreciated 20% as soon as you buy it, but you get a 20% discount on the RRP then you're minimizing deprecation hit, especially when, in a few years, the market has recovered and new cars are more expensive - then your car may hold it's value well on the used car market. Also, it depends on the type of car and how well you take care of it. Cars that are very fuel efficient (but not hybrid) are holding their value well when being re-sold. Do your research, but don't overspend no matter how good a deal it is.|||you really should go new.the dealers are really working with consumer on prices and there are some really good deals out there.i would go car shopping and see who has the best deal.|||It just depends on the car. Many places are offering employee pricing %26amp; rebates %26amp; low apr's. But irregardless, are you needing a car at this very moment or do you just want one? You need to do a mountain of research. But look at what you need vs. what you want. We all want cool cars, but I have found those are the ones that you can get you into trouble. So think practicality. If you should happen to find a used car that is to you a real bargain, then go for it provided it is being sold at a reputable dealer that will honor repairs/warranty, etc... A certified used Honda from a Honda is an example. But new or used, you needs %26amp; finances should dictate what route to take.|||I have never bought a new car in my life! lol.


But I did buy a few foreclosed homes :)|||the only real advantage of newer cars is the luxury and any warranty you might get. a 90s vintage car is really the same as a new one for the most part. similar engine/drivetrain/suspension design. and many new ones don't even get as good milage as older ones. there are some other reasons newer is better but cars haven't changed all that much over the past 20 years. trouble is if you buy a used one with miles on it you might need to fix it up of course which is a bigger deal for some people than others. i don't mind keeping on top of maintenance so i drive a 90 ford probe with 140k. ive spent about 1500$ total on it including purchases cost and cost of new parts ive replaced. gets over 30 mpg and is made to last. what works for me isn't necessarily right for you of course.