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889: How to Buy a Car, Part 4: Decide on a New Car vs. Used Car

Radical Personal Finance

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The Cost of a Brand New Car vs a Used Car

When a vehicle reaches a certain age, it's going to require significant levels of expenses. But i do not think that buying a used car is going to necessarily be that much more expensive from a maintenance perspective, than a new car. The day you buy a brand new car, its various components start breaking down. Your tires will deteriorate on the new car just as quickly as they will on a used car. In two years with your almost new car, you're going to be putting a new battery in it, just like if you have a used cars.

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