Cars lose 20% of their value the moment they're driven off the lot and 65% in the first five years. You can get a used car that's still in fine working order for a fraction of the new-car price.
And you'll pay less in collision insurance and taxes, too.
Cars aren't the only things worth buying used. Consider the savings on pre-owned books, toys, exercise equipment, children’s clothing and furniture. (Of course, there are some things you're better off buying new, including mattresses, laptops, linens, shoes and safety equipment, such as car seats and bike helmets.)
Buying New Instead of Used