Deciding to buy new or used is the first step towards buying your next car. Your budget is likely to play a big part in your decision, but it’s worth remembering that both methods have their merits. Buying new means you’ll benefit from the peace of mind of a manufacturer’s warranty, which should last for at least three years. You’ll also get to specify your car exactly to your tastes and needs, but a new car may have a long lead time, and remember that you’re almost always likely to lose more money in the long run than if you bought used, due to depreciation.
