New Car or Used Car Decision? Advice by Bankrate.com

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New vs used car

The average used car costs less than half the average new car. So, it's no surprise that used cars outsell new cars 3-to-1. Which is right for you? Simply answer the following questions and we'll give you our advice.

New cars depreciate in value significantly during the first two years of ownership.

Which best describes your view regarding your car's depreciation?

I'm looking for the right car, not an investment.
I'd like my car to be a relatively good investment, but it has to fulfill my driving needs and preferences.
I really want to minimize my loss of value through the car's depreciation.

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48 Mo New Car average
2.58%

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Auto Averages

Product	Rate	+/-	Last week
48 month used car loan	2.70%		2.70%
48 month new car loan	2.58%		2.58%
36 month used car loan	2.76%		2.76%
36 month new car loan	2.47%		2.47%

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