Used cars offer a more budget-friendly option compared to new vehicles. They generally have a lower purchase price, reduced depreciation rates, and lower insurance costs, allowing buyers to get more value for their money.

New cars typically experience their highest depreciation in the first few years of ownership. By purchasing a used car, buyers avoid the initial depreciation hit, allowing them to maintain better resale value if they choose to sell the vehicle later.

Many used cars have established track records, with extensive data available on their reliability and performance. Buyers can research and choose models known for their durability, reducing the risk of unexpected issues.