Should I Buy a New Car or Used Car?

Young woman trying to decide if she should buy a new or used car.

New car vs. used car? At first glance a used car seems to be the sensible choice. But if that’s true, why do some 17 million Americans splurge on a new vehicle each year? They can’t all be reckless spendthrifts.

The simple answer is, everyone’s circumstances are different. For some people a new car is the right choice. Others are better served buying a used car. How do you decide? Let’s examine new car vs. used car pros and cons.