Maintenance and insurance costs generally tend to be higher, too. If you have a decent amount saved to spend, then used cars can save you a lot of money in depreciation alone. ![]() New vehicles depreciate significantly the moment you drive them off the lot. ![]() ![]() However, new cars have quite a few downsides, most of which come down to their price. And then there's that unbeatable new car smell. Purchasing a brand-new car has several upsides, from a full factory warranty to the latest and greatest in-vehicle technology and driver safety systems, to some spectacular dealer incentives. When you are shopping for a car, one of the most challenging decisions comes down to deciding whether to go the new or used route.
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