[USER]

In today’s car market, would you buy used or just buy a new reliable car (something like a Toyota Corolla)? My priority is making the best financial decision.

I couldn’t care less about driving a new flashy car but I just want something thats not gonna drain my bank or be a headache from repairs/issues.

I feel like I also don’t know nearly enough about what to look for when buying a used car so I would probably get screwed over/make the wrong choice.

And from what ive seen it looks like used cars arent significantly cheaper than buying new unless im missing something or not looking in the right places.

Wheres that insane depreciation Ive been hearing about? haha For context, im 27 and work from home so I only drive about 5,000ish miles a year. I do take road trips every so often though.

[Tien]

Make sure your insurance knows that you drive low mileage

[Jorge]

Get a nice car cash unless you’re poor then get a 2003 pos shitter

[Dakota]

I usually buy a 1-2 year old car with one owner.

Those are typically lease or rental return cars, so the price usually is 2/3 of original cost.

I also plan to keep cars for nearly a decade or so, so I don’t buy with intent to use it quick.

I expect my current cars will last until my kids inherit them as their first cars.

[Derrick]

I’m in the exact same boat as you, and I’m looking at the same car. Go new. Used market is super hot right now, ESPECIALLY for Toyota.

You’re gonna end up paying 2-3K more for something with no miles on it that’s brand new. Used car values are almost as much as new.

Most dealers have a 7.5% markup from invoice, so if you shop around you should even be able to negotiate below sticker price depending on your market.

Do your research.

[David]

Certified used cars with a warranty is one option if you want to have some security.

The last place I’d look are the small car lots which populate rural and poorer parts of cities.

Private party sales are fine, but you’ll need to pay for a Carfax report and have the car examined by a mechanic if you want peace of mind.

I know “debt is bad” but low interest rates on less popular, yet still nice, cars are coming back in some areas

[Author]

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