Chris Dunham.com

A new car depreciates quickly in the first years, after a couple years,it may be worth only about 50% of the original price. In fact, as soon as you leave the dealership, your new vehicle is worth $1000-$2000 less.

When purchasing a new car you basically are paying for its fresh aroma and warranty. Buying a new car does not always mean the buyer will get perfection. A new car may come with problems associated with manufacturing defects that have been repaired during the warranty coverage period of a used car.  Another advantage of buying a used car is that you could buy a fully equipped model that might not be affordable had you bought a new car.