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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@beehaw.org to c/finance@beehaw.org

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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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[–] BarryZuckerkorn@beehaw.org 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.