When you are looking at buying a vehicle, there are many decisions to make along the way. The biggest always comes back to whether you should buy new or used.
The arguments are the same.
Buying new: You get a vehicle that nobody else has driven, promotional interest rates, easy to finance, full warranty, etc.
Buying used: Lower cost.
The challenge with an older used car is that it is much harder to finance and usually over a much shorter term, giving you a higher payment.
The solution?
We recommend something in the middle. A newer used vehicle. Something 18-24 months old.
You get a lower price than new as the vehicle has already depreciated, balance of manufacturer warranty and you can still finance over a longer term. Basically, you get maximum value and unlike new, you aren't facing the same depreciation down the road when you sell it.