Better to buy used or new; quality/price?

Been saving up for a while slowly to buy out a car i was at first thinking of buying used just because i need a car in general fairly badly tired of catching uber to work and carpooling but thats my only options. If i carpool it's free but lately i have had to catch uber a lot thus savings get lower but it does progress at a slower rate overall.

i'm thinking of just buying a cheap yet reliable car that looks fairly new with low mileage. Right now i'm looking at Honda civics, corolla's, and Honda fit. Problem is a used fit with around say 30k miles costs just as much as a new one same trim and all. The civic's and corolla's tend to look badly shape the later the years are as well as the newer years tend to have just as much mileage as the older years ( i don't know where the fk these people are going to rack up 100k miles on say a 2016 model here which is considered high ) but the price tag is pretty hefty on something like that.

So i'm wondering which would be the best option. I can handle saving up long term and plan to for a new fit but wondering if the older cars that cost less but more mileage are better financially. I DO plan to keep said car for a LONG. Time saving to buy out a new fit will take me about a little over a year it's doable but is it worth it?

New…

No matter which way you go, the fact is that quality cars cost more money than average cars.

I have found that the best fiscal deal is to buy a car between 1 and 3 years of age, depending on the make and model, as then you lose far more depreciation than you lose in percentage of safe and reliable lifespan of the vehicle.

I would never Buy new when you drive a new car out of the Lot you lose 20% of the value.

Where a Low Mileage car does not

I would buy a used car coming off a three year lease. That way it still has some warranty left on it, most of the depreciation is done and any recalls will have been taken care of. It most likely got all the required maintenance too. I would take care of it, change the oil every 5000 miles and drive it until it dies, then repeat the process.

I would buy a used car coming off a three year lease. That way it still has some warranty left on it, most of the depreciation is done and any recalls will have been taken care of. It most likely got all the required maintenance too. I would take care of it, change the oil every 5000 miles and drive it until it dies, then repeat the process.

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