There are many reasons why you may choose to buy a used car instead of a new one. Used cars are almost always cheaper than their new counterparts; however, this does not mean that they are lower quality.
Another benefit is that unlike new cars, used cars do not depreciate as quickly. New cars lose as much as 20 percent of their value once driven off the dealership’s lot. This may very well be the most drastic drop in the value of any consumer product. As for used cars, they have already undergone this initial depreciation and so their prices are generally steady; making them a worthwhile investment in the long run.