Comment Re:the article seems a bit muddled (Score 1) 633
The used car market around here has almost negligible cost advantages vs new, and carries the obvious maintenance risks.
It depends on the buyer....but a used car is generally cheaper than a new car in every aspect. Purchase price is lower, registration is less, and insurance will be less. If you can do basic maintenance yourself, like a changing an alternate, you can take care of most of the problems you will have. As long as you don't get a "lemon", in the long run you will save enough to cover a few larger problems that require a mechanic.
But if you are willing to get your hands dirty than you can still save money even if extra maintenance is required. I owned an '83 Toyota for 5 years. Bought it for $2,000 and dropped maybe $5,000 in tools and parts for maintenance and fun (a lot of things broke because I beat on the car). I re-built the front brakes, changed all the brake lines, replaced the alternator (twice), brake master cylinder, water pump, oil pump, engine hoses, dicked up the engine timing, new timing chain & sprockets, engine gaskets (including head gasket), new rear suspension arms, springs, suspension bushings, and repainted the oil pan and timing cover myself. There are dozens of other things but nevertheless $7,000 across 5 years is still less than half of what my wife's brand new Honda cost (at purchase). The funny thing is before I had bought that car I had never even changed my own oil before and didn't even own a tool box, so if I can do all that anyone can given they are willing to invest some of their time.
It was only $23 dollars/year to register and only needed liability insurance because it wasn't worth insuring the car. A bit of an extreme case maybe... someone could find something in between brand new and 30 years old that would save money in the long run. Especially if you don't have to take out a loan because $200-300/mo in car payments equals a lot of parts and/or labor.