Back to GuideStart 'Buying New' GuideStart 'Buying Used' GuideStart 'Leasing' Guide
Which Path is Right for You?
Buying New, Used, or Leasing? There is no 'best' answer, only the right answer for your life.
Buying New
"I want peace of mind and the latest tech."
- Full Factory Warranty
- Latest Safety Features
- Better Loan Rates
- High Depreciation
- Highest Purchase Price
Buying Used
"I want the best value for my money."
- Best Value (Depreciation hit is gone)
- Lower Insurance Rates
- Higher Maintenance Risk
- Harder to Finance
- Must do Inspection (PPI)
Leasing
"I want a new car every 3 years."
- Lowest Monthly Payment
- Always under Warranty
- You Own Nothing at End
- Mileage Limits (Strict)
- Fees for Scratches/Dents
Skipping the Dealer? Buy Private Party
Buying directly from another person means no dealer games, no F&I office, and often better prices. But it also means no warranty, no legal recourse if something's wrong, and you handle all the paperwork.
No dealer markup Direct negotiation Higher scam risk As-is sale
Start 'Private Party' Guide Still can't decide?
If you drive more than 15,000 miles/year, do not lease. Buying used is statistically the smartest financial move, but buying new offers the least hassle.