We will be shopping for a new (hopefully) used car soon.
We will likely be going used, but I'm really not enjoying the prices I've been seeing, and I've been keeping an eye on used car prices for about a year. For example a 5 year old car, seems to cost about 40% the price of a new car, same make/model. At a 60% discount the 5 years and typical ~100K-150K KM doesn't seem worth it to me. I would rather pay *shudder* new car price and keep the car 10 or 11 or 12+ years. I'm assuming we would keep a 5 year old used car for 5 years.
I know a lot of people are going to say go older, 7,8,9 years or whatever, but unfortunately this will be my wife's car, she will not be willing to go that old. In fact I would even consider a 5 year old car a bit of a victory.
Also just to add that I think we could really use a car sub forum around here.
Appreciate any thoughts or how anyone else may have weighed the used vs new issue.