https://www.howtomoney.com/when-buying-a-new-car-makes-sense/
Plan on owning a new car for at least ten years. This is a solid reason to buy a new car. I'd still encourage you to purchase a well-loved used car and to drive it for the next decade, but the longer you plan to own a new car the less of a strain it puts on your finances.. One of the main issues that come with buying a new car is the desire to buy another new one every 4 or 5 years.

https://www.moneyunder30.com/should-you-ever-buy-a-brand-new-car/
Disadvantages of Buying a Used Car. Unknown accident and mechanical history. Higher financing rates. Higher dealer markup. Higher maintenance costs. On paper, the new vs. used debate seems fairly balanced. Financially, however, one can usually prove that buying used will save you a lot of money - even when markups, interest rates, and

https://www.caranddriver.com/auto-loans/a42690597/buy-new-or-used-car/
When shopping for a car, there are a number of decisions you have to make. One of the first and most important choices is whether to buy a new or used car. Brand-new cars are usually more

https://www.caranddriver.com/features/a31267646/buying-a-new-car/
Navigate it intelligently with our road map. There's one part of the new-car buying process that everyone likes: the end, when you drive away in a shiny, new-car-smell-smelling car. While the road

https://smartasset.com/auto/the-pros-and-cons-of-buying-a-new-car
Newer vehicles (2015 and later) can also go upwards of 10,000 miles between oil changes. Some other perks of new cars include lane departure warnings, collision avoidance systems and self-parking. Plus, some vehicles today can drastically lower your gas bill through either a hybrid or an all-electric system.

https://www.moneyunder30.com/when-to-buy-a-new-car/
For example, let's say that you project that a new car will require a $400 monthly payment. 12 months of payments are equal to $4,800 per year. You can use that as a barometer of annual repair expenses on your current car. If you have, say, three repairs on your car during the year at a total cost of $1,500, you might decide that—based on

https://www.cnbc.com/select/should-you-buy-a-new-or-used-car/
Cons. New cars are more expensive. A new car comes with plenty of perks — and a price tag to match. Experian data shows that the average loan amount for a used vehicle was $27,167 in Q3 2023

https://www.thezebra.com/resources/driving/when-does-it-make-sense-to-buy-a-car/
According to The Zebra's State of Auto Insurance 2021, [3] the biggest drop happens when a car turns eight years old. The average premium goes down by 7.74%, resulting in an annual savings of $112. Older cars with more mileage have just a slight impact on your insurance premium. The biggest increase occurs when your vehicle reaches between

https://www.consumerreports.org/cars/buying-a-car/leasing-vs-buying-a-new-car-a9135602164/
The choice between buying and leasing a car is often a tough call. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. On the other hand, a

https://www.kbb.com/car-advice/10-steps-to-buying-a-new-car/
That monthly payment schedule will allow you to purchase a $37,000 vehicle and finance, roughly about $30,000, due to taxes and interest once you put the down payment on the car. This example

https://www.investopedia.com/articles/pf/07/neworusedcar.asp
Advantages of Buying a New Car . There's no denying the curb appeal of a brand-new car, from that new-car smell to the shiny paint, the clean interior, and the "oohs" and "aahs" when

https://www.cnbc.com/select/should-i-buy-a-car-right-now/
Zach Shefska, co-founder and CEO of YAA, an advocacy website for car buyers, says you should wait to buy a car since prices are going to remain high due to low inventory. According to a recent

https://www.reddit.com/r/personalfinance/comments/18f3zng/when_if_ever_does_it_make_financial_sense_to_buy/
Numbers didn't make sense to buy used, for the first time in my 25 years of buying vehicles. Buying a USED car within 5 years of manufacturing and for less than 50k miles is essentially buying a NEW car. Yes, you cut the depreciation down by 5-8%, but you are still exposed to another 12-15% in the next couple of years.

https://caredge.com/guides/new-vs-used-car-in-2023
For many makes and models, there's now an oversupply of new cars in 2023, just two years after the car shortages of 2021. New car available supply (total vehicles on the lot) is up 71% since last year, and dealerships are finding their lots chock-full of shiny new cars. In terms of days' supply, today's market is up 47% since spring 2022.

https://www.gobankingrates.com/saving-money/car/financial-factors-to-consider-when-buying-new-car/
While a used car has financial benefits, you might prefer the luxury of a brand-new vehicle with a warranty and the latest tech and safety features.But with the average new car price sitting at around $48,000 per Kelley Blue Book, you shouldn't decide on any purchase before you thoroughly examine your finances and total costs.. Here are five financial factors you should consider when you buy

https://www.sofi.com/learn/content/buy-new-or-used-cars/
Higher Insurance Costs. Auto insurers typically deem new cars as being more valuable than used cars and assign auto insurance premiums accordingly. Research recently found that the average cost of minimum auto insurance was $622 per year and full coverage was $2,014. Since new cars cost more, auto insurers prefer to see new auto drivers get

https://wealthtender.com/insights/money-management/why-buying-a-new-car-makes-more-sense-than-buying-used/
The cost to buy a new 2019 Toyota Camry hybrid and keep it for 5 years is $37,697. Buying a 5-year-old Camry hybrid and keeping it for 5 years would cost $28,982. However, again adjusting as above, we arrive at $25,641. Adding this to the cost for the first 5 years, we get a total of $63,338, or $6334/year.

https://www.experian.com/blogs/ask-experian/buy-new-or-used-car/
Lower interest rates: The average interest rate on a new car loan was 4.12% in the first quarter of 2021, according to Experian's State of the Automotive Finance Market. In contrast, the average rate on a used car loan was 8.7%. Manufacturers often offer financing deals on new vehicles as a way to incentivize purchases—some go as low as 0%

https://www.moneysense.ca/spend/shopping/auto/should-you-buy-a-new-or-used-car/
New vs. used cars: Nine factors to consider. 1. Price and depreciation. If budget is your biggest concern, you're better off looking at pre-owned cars. They're significantly cheaper than the

https://www.reddit.com/r/personalfinance/comments/w9es63/in_2022_at_what_point_does_it_make_sense_to_get_a/
Car could be sold even after me taking the $7500 tax rebate for slightly over MSRP meaning I could basically net 8000-9000 for my $50,000 car. Pretty insane. That's actually why I don't think a lot of new cars are underwater; it's people overpaying for used cars and the market beginning to return back to normal a bit.

https://www.thepennyhoarder.com/save-money/why-im-buying-a-new-car/
If you can afford to get a brand-new car, go for it! ... That means prices for quality used cars are higher than ever — almost in line with new cars. So does it ever really make sense to buy a new car over a used one? ... Which do you think is a better choice when buying a car: new or used? Lisa Rowan is a writer and producer at The Penny

https://www.reddit.com/r/personalfinance/comments/t8wdq3/am_i_crazy_or_does_it_make_more_sense_to_buy_a/
However, given the insanity of the used car market, I'm wondering if it makes more sense to buy new. I live in Boston and I'm seeing 2017/18 vehicles selling for a couple grand less or equal to starting price of the same vehicle model year 22. GM is offering 0% APR for well qualified (which I meet) and Mazda has 0.9% as another example.

https://www.wsj.com/lifestyle/cars/no-one-wants-a-new-car-now-heres-why-41eba32b
It's not just the political class. America's fleet of cars and trucks is also getting long in the tooth. Last month a study by S&P Global Mobility reported the average age of vehicles in the U

https://www.reddit.com/r/cars/comments/78i75l/when_does_it_actually_make_sense_to_buy_a_new_car/
Any car you get is going to need maintenance - oil changes, timing belt (sounds like your going to need one soon), tires, brakes. It doesn't make sense to drop $20k+ on a new car because your current one needs $500 worth of work. I'd be willing to bet if you can get the car to pass an inspection, you would be able to get closer to $2000 for it.

https://www.msn.com/en-us/autos/buying/trust-me-13-reasons-you-should-never-buy-a-brand-new-car/ss-AA1i2vuj
When you buy a certified pre-owned car, you're not only walking away with an almost brand-new car but saving close to 50%. Most lease terms for cars last 24-36 months, which means a few things

https://www.reddit.com/r/personalfinance/comments/gmo5kj/when_does_buying_a_brand_new_car_make_sense/
not a new generation car. Just before they redesign the car. This helps with working out the kinks. driving the car till it doesnt make sense to fix it. Current driving a early 2000s car. 200,000 mile. I was about to buy a new Tesla Model 3, but I want to save more for the extended battery and other features.