When buying a used car, remember to leave room in the purchase price for the cost of likely repairs . They are expensive and usually have too many exclusions. Research the price and reliability of a used car before you buy it. Consumer Reports Used Car List, published each year in April and in the December year- end Buying Guide, is especially helpful. Mind A used car may be a good alternative if well-researched for reliability and thoroughly examined.
Used cars depreciate more slowly than new cars if well cared for.
Note that more conservative cars are more likely to be better cared for than a high horsepower car. Also, luxury cars or sports cars may quickly become old-fashioned and lose more of their value. Furthermore, convenience features like power windows and door locks can be very expensive to repair. Look at used car lists in Consumer Reports to find out which cars are the most durable, reliable and favored by readers and the writers. Research the dealer.