[Nate]

How is the car market right now? Better to buy a new vehicle or gently used vehicle? I know the prices of used vehicles were high for a while, but unsure what’s better right now.

I’m considering buying a car but can’t decide whether to go for a new or used one. With current market conditions, prices, and availability, I’d love to hear your thoughts.

Are used cars still overpriced, or have prices started to drop? Are new cars a better deal now with financing options and warranties?

If you’ve recently bought a car, what was your experience like? Did you find good deals, or was it tough to negotiate?

Any insights on reliability, resale value, and overall cost-effectiveness?

Would appreciate any advice or recent market updates!

[Scott]

If you’re a millionaire go ahead and buy new. If your not, used cash only

[Scott]

Always buy used unless you have 3M+ to your name. Typically I buy a reliable car for $4000 car and keep it for 10 years.

Then sell it for $3000. I normally have to put about $1000 into maintenance.

Buying new is like 300 times more expensive.

[Brian]

Depends on your budget, and how long you keep a vehicle. You can buy two used ones for the price of a new one after 5 years.

[Tara]

I think new, with favorable financing is usually the way to go.
No more 0% deals like I got for years, but 1.9% on my Explorer wasn’t bad.

[Bruce]

I just bought a clean low mile used truck with cash. Got 350k miles and over 20yrs of ownership so far out of my 99 GMT800. It wasn’t much of a stretch to justify buying another that I can baby.

Paid 8k for it instead of the 55k a half ton truck costs these days.

Plus, I can actually work on it and it doesn’t have all the gadget issues the newer model stuff has.

[Sammy]

I would buy new, and maintain it well, and keep it for 2 decades. Get a Toyota, it is known for its reliability.

My current car is 25 yo, and I bought it new 2 decades ago.

[John]

Both new and used are down. It’s Keynes always to find less desirable but still reliable vehicles.

SUVs are still hot as are full sized pickups almost all Toyotas

[Richard]

Used cars prices have been dropping for the last 1-2 years. Lease one. Avoid the depreciation. No hassle.

Quit booze and you can afford it

[Megan]

I’d look at both. For us, new made sense because the financing cost was so much better it was a wash

[Joe]

If I were in the market for a car, I would look at the used EV market. Depreciation is hitting hard in that segment.

[Chris]

Depends on what you want. I just bought new because it was less than $2000 difference in new Toyota rav 4 hybrid compared to the same model 3 years older with 50,000 miles.

To me, that was a no brainer. However, Toyota holds its value better than most models.

I also figure this car will last me 20 years (as the last one did) so it was worth it to have a new one.

[Randy]

Whichever you can afford without going into debt is the only good choice.

[Robert]

Having owned Toyota vehicles since 1996, I think you could say I’m a fan.

I would head to your local Toyota dealer, and buy a good certified:preowned vehicle.

[Author]

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