Used cars have many advantages over new cars. Every vehicle depreciates. However, used cars tend to depreciate at a much slower rate because the bulk of the initial depreciation occurs within the first one to three years. The initial cost of a used car is also lower. In fact, a one-year-old vehicle can still cost significantly less than one that is brand new. Used cars are also cheaper to insure. The value of the car is one of the factors that insurers use to calculate your rate.
Keep in mind that buying a used car today is a much better experience than buying one in the past. In the past, people had to worry about the possibility of getting sold a lemon. Today, you can do research and find out information about the vehicle's ownership, history, title and mileage.