Sample Savings of Buying a Used Car

 Excluding collectibles and a handful of specialized car models, buying a used car is cheaper than new.

Now that supply chain problems and electronic chip shortages are in the past, the used car market in the US has largely returned to pre-Covid-19, sane used car valuations.

The September issue of Consumer Reports includes a sample of eight 2021 model gasoline cars with their new car price in 2021 and their used car price in 2024. The savings are substantial, as shown below.

The CU article does not include any Electric Vehicles, but several of these have even lower price differences as used cars.