Used cars come with their own costs. A new car will probably last you 20 years, a 10 year old car will need to be replaced in another 10. A new car will have ne

Used cars come with their own costs. A new car will probably last you 20 years, a 10 year old car will need to be replaced in another 10. A new car will have negligible upkeep in the first 5 years, a used car will have upkeep in the first 5 year of your ownership. At some point, repairs on older cars are more expensive as certain parts become obsolete and become harder to find. Newer cars offer better fuel economy, a 10 year old car will make you spend more on fuel. Over a longer period of time (say 20 years), the cost of using new car vs old car kind of converges. You keep a new car for longer, while you’re forced to change the older cars. Unless you’re going for cars >5 years old or cars with a big mileage, used cars will also be very expensive.