Join Date: Jan 2013
Location: West Baden Springs, IN
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It depends on what vehicle and how long you plan on keeping it.
If you go through vehicles like underwear, buying new is the worst investment you can make. If you buy one and keep it forever, new is the way to go.
At least in my area, cars and vans depreciate way more than trucks as a general rule.
I bought a new Cummins diesel truck with a 7 year warranty and plan on keeping it for a minimum of 10 years. Probably more like 20, but who knows.
Buying used, you never know what the previous owner did or didn't do as far as maintenance. New, you know exactly what has been done.
I also bought a 4runner new in 2006 and still have it with 89,xxx miles. It has been paid for for 3 years and still is in like new condition with well over half its life still left. It was a good deal for me, but doesn't work for all.