New cars can lose 20–30% of their value in the first two to three years. If you plan to sell within five years, buying a 3–5 year-old used car—which has already absorbed this hit—might be better.
Shopping in late spring, summer, or at the end of the year can yield deeper discounts as dealerships push to hit sales quotas. Is buying a new car in 2026 a mistake? : r/personalfinance should you buy a new car
In 2026, new car loans average around 7% APR , while used car rates sit much higher at roughly 12% . Well-qualified buyers can even find 0% APR offers from some automakers to move stagnant inventory. New cars can lose 20–30% of their value
New cars include full manufacturer warranties, providing peace of mind against expensive repairs. Conversely, five-year-old cars can cost owners $800–$1,000 annually in maintenance. Is buying a new car in 2026 a mistake