Should you buy a new or used car?
Buying a car is one of the biggest expenses we have during our lifetimes, so wouldn’t it make sense to figure out if buying a new or used car is the best bang for your buck?
In this video I’m going to show you a very simple chart so you understand my philosophy conceptually, and then show you a website with more tangible numbers to back up my new vs used car buying philosophy.
The reason I compared a Toyota Camry to a BMW 5 Series and a Mercedes E-Class was to show you two different sides of the car buying spectrum. I understand that these cars aren't necessarily "competitors" to one another, but it was the best example to show the car depreciation curve.
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