Quote:
Originally Posted by wincrasher
a new car is basically risk free because it is under warranty. a used car can be a crap shoot, depending on how old and what brand. even honda makes lemons.
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I don't necessarily agree with this. I think a new car carries different types of risks, especially if it is the first year of a new model or redesign (which I would never buy).
Lemons are new cars, not ones that are a few years old. Most manufacturing defects show up in the first couple of years. We had a new car in 1996. It was recalled 5 times in the 4 years we owned it. Had I been looking for that model in 2000, I could have reviewed the vehicles history and learned that it had a lot of defects and avoided buying it, but I didn't have that data when the car was new.
Pretty much every company now has a certififed used car program that usually extends the warranty. Even if you have to buy an extended warranty, you can still save thousands over a new car.