Should I buy a new or used car (What is the better value)?

Used cars seem to be a lot of money right now. I looked at Chevy Malibu's for around 13 grand used as 2008-2009 models or I could buy new car for around 16 or 17 grand (Ford Fiesta). The dealers told me "Japanese Cars" such as Toyota and Honda last longer and will hold their "value" longer. Which is the better value (Probably will put around 15-20 thousand miles on the car per year). Thanks!!Should I buy a new or used car (What is the better value)?
The worst singe day for any new car is when it is driven off the lot, that is the day it loses the most value. A car might be worth (as a trade in) 50% of the value after 3 or 4 years, but that 50% is not even throughout the years, the biggest chunk is in the first year.



If you want the best value, a 2-year old, low mileage, well cared for Honda or Toyota (or Lexus or Acura) from a private party is going to give you the best combination of lower initial price and reliability. However, new cars are easier to finance and come with better warranties, so these factor may make a new car that you are going to keep for 6 years a reasonable purchase over a used car that is going to be more difficult to finance, will not have the same warranty, and may not be the exact combination of features and color you wish to have.Should I buy a new or used car (What is the better value)?
Anthony,



I would definitely recommend purchasing a new vehicle. A new GM vehicle would come with a great warranty that would be of assistance. Also, in the unfortunate case that you get a flat tire or break down our new vehicles have a 100,000 mile/5-year 24/7 Roadside Assistance.



Thank you



Elizabeth, GM Customer ServiceShould I buy a new or used car (What is the better value)?
i would for sure get a honda

they last for LONG time

more then 200,000 miles with usually no problems

and also way better with vtec engine

used car values