Typically, you will get the best value purchasing a used vehicle. This is especially true for late models. Not only will you find the price to be lower than a new vehicle that is comparable, but also expenses for ownership, such as taxes and collision insurance will be less. In addition, a used vehicle has already taken its largest depreciation hit. You also can get a vehicle that is better equipped by buying used.

Used cars have become more appealing because their reliability has improved. Exhaust problems and rust used to be a major concern, but aren’t a problem anymore. Studies have shown that reported problems declined significantly since 1980.

Although reliability has improved considerably, repair costs and maintenance are important things to consider. Many used cars don’t have an auto warranty left or are close to the end of its life. This means that motorists will be paying out of pocket for expenses. However, buying used car warranties will take care of this problem.

Overall, buying used is a great option to save money. Also, consumers can get a car with more features than they would be able to afford new. However, an auto warranty is a necessity so that you don’t pay for unnecessary repair costs.