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Car prices are cooling, but should you buy new or used? Here are pros and cons. (www.usatoday.com)

submitted 4 months ago by Recant to c/finance

6 comments fedilink hide all child comments

I personally would not be interested in buying a new car. They depreciate in value too quickly and do the same exact job as a used car.

Used cars also have been run so lemons that come from the factory have been filtered out or fixed.

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[–] lemming934@lemmy.sdf.org 4 points 4 months ago (1 children)

Bikes are cheaper than cars

[–] Recant 6 points 4 months ago (2 children)

True, but at least in America bikes alone are not a great option.

Over 60 million (1 in 5) Americans live in rural areas. These places don't have public transportation or are so spread out that bikes are not practical.

https://www.census.gov/library/stories/2017/08/rural-america.html

[–] nicholasyager 2 points 4 months ago

This just tells me that 4 in 5(!) Americans may be good candidates for using a bike instead based on geography alone 😁

This is very clearly a "you're both correct" situation.

[–] BarryZuckerkorn 2 points 4 months ago

My 4-person household has one car, one electric cargo bike with two kid seats, a regular bicycle, accounts with bikeshare/scooter options around our city, plus mass transit passes, plus the option of Uber/Lyft.

Bikes might not work as a replacement for a first car, but they can work pretty well as a replacement for a second car, and a tool for reducing total mileage on the car you own.

Everything depends on where you live, of course, but a substantial number of people live in a place where a bike can reduce the number of miles you drive, even if you never actually give up the car.

[–] JoMiran@lemmy.ml 2 points 4 months ago

You lease new. You buy pre-owned.

[–] CCMan1701A@startrek.website 1 points 4 months ago

I'll likely have to go used since new cars under 27k are slim, but used cars at 25k are plenty.