Should I Buy a New Car?
New cars lose around 20% of their value in year one. A 2–3 year old model often gives you most of the value for far less.
Typical price
$35,000+
Average score
38/100
Worth it if…
- You drive high mileage and need warranty cover
- Your current car is unsafe
Skip it if…
- Payments would exceed 10% of income
- Your current car is reliable
Money tip: Get pre-approved financing before visiting a dealer.
Frequently asked questions
Is now a good time to buy New Car?
Our current verdict is Don't Buy with a score of 38/100. New cars lose around 20% of their value in year one. A 2–3 year old model often gives you most of the value for far less.
How much does New Car cost?
Expect to pay around $35,000+. Get pre-approved financing before visiting a dealer.
Who should skip New Car?
Skip it if: payments would exceed 10% of income; your current car is reliable.
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