Nothing beats the feeling of driving a brand-new car off the lot. But if you want great value and more features than your budget allows, consider buying used. In fact, if you choose wisely, the only thing you’ll give up when you buy a used car is that new-car smell.
The average new car loses about half its value in the first three years of ownership, says Mel Yu, CR’s automotive analyst. Buying a used car means that the previous owner took that financial hit.
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