5 smart reasons for buying a used car

Getting more bang for your buck
5 of 7
Getting more bang for your buck

Stretching your car-buying dollar is another benefit of buying a used car. You can buy more car by purchasing used rather than new. You may not be able to afford that new luxury car you've lusted for, but one that's two or three years old may fit your budget.

"We used to think that a 100,000-mile car was done," Reed says. "Now they are running to 200,000 miles. That's like a second life."

Nerad says because carmakers no longer redesign their models every year, buying used doesn't carry the same stigma it once did. "When a three-year-old BMW shows up in your driveway, your neighbor doesn't have to know you didn't buy a new car. It looks pretty much like a new one," Nerad says.




Show Bankrate's community sharing policy

Connect with us