For most people who buy new cars, they do so they know they are purchasing a vehicle they can count on. However, vehicles produced over the past five years are manufactured with reliability and longevity in mind, making current vehicles last much longer than they used to. Vehicles lose almost half of their original value after the first three years, but lose almost none of their reliability. Choosing to buy a used car can help you to get the most for your money. There is also a larger variety of cars to choose from if you extend your searching range to cover a number of different model years.
It is also much easier to get a car loan for a used vehicle than for new one. A five-year-old model of any given car will cost about half of the price of a brand new model in the same market.