Is that still true today? I know in years past it was, but used car prices are so high right now. I've seen many 2 year old cars selling for nearly as much as new lately.
Yeah. It probably depends on the brand, but I was just looking to buy my first car in quite a while and had to update my thoughts on this. Previously I'd be all for buying used. But I was looking at the prices for 2 to 5-year old Toyotas vs. new and the difference was shockingly tiny unless there was something wrong with the car or it had ridiculously high mileage.
Depends on wait times. I know someone who buys a new fancy sports car every year (Porsche etc.). The wait time is usually around a year between ordering and getting the car. A year later he can sell his previous car that he drove that year for the full price, because buyers are willing to pay for not having to wait.
