New vs slightly used car?
My concern for a new car is the depreciation in value during the first few years of its life, whereas my concern with a used car is the potential for issues down the road (no pun intended)/lack of warranty. Ideally, I would also like to not have car payments which is why I like the idea of a used one.
I'm looking at your typical Mazda 3, Toyota Corolla, Honda Civic range of cars at the moment - nothing narrowed down. If these are the types of cars I'm looking at, does it make sense to go slightly used or just go new? Basically, would it be reasonable to find a used model in the 8-10k range that will last at least 5-6 years?
Any advice/input is greatly appreciated.