Now that I've started saving for a car, I'm conflicted between buying new and used.

Buying used is almost universally considered to be the better option, but a new Kia Forte can be bought for only like $20K and would probably last me over a decade. I don't need something big and fancy; I want something nice and small that can get me where I want to go with minimal trouble. But if I save a few thousand more dollars, I could buy a Corolla hybrid, which would last even longer and consume much less gasoline. Also it'll be easier to insure.

It'll probably come down to long my current car lasts and how much cash I'll have saved. I currently drive a 13- year old Accord lol, but it's still going strong due to low wear and tear. Living where I work has definitely extended this old bastard's lifespan, and Honda makes damn good vehicles.

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iamonfire696 · 41-45, F

Will you be able to pay cash for the car or will you have to finance the car? If you do then typically you pay a higher rate on used vehicles so you have to take that into account.

I bought a 2011 brand new I am still driving it and will until it dies then I will buy another new vehicle.

BlueVeins · 22-25

@iamonfire696 I plan to buy in cash. I'm going to start saving $400 a month in August. If my current car craps out within a few years, getting a loan will unfortunately be my only option. If it makes it at least four more years, it should be possible to pay in cash.

iamonfire696 · 41-45, F

@BlueVeins I hope your current car makes it and you can buy in cash because that will be the best option if you’re buying used.