Should You Buy A New — Car

In some popular models, like the Toyota RAV4, a three-year-old used version may only be $5,000 cheaper than a brand-new one. When factoring in lower interest rates, the monthly payment on the new car can actually be lower.

Federal tax credits for EVs were killed in late 2025, making new EVs significantly more expensive. Leasing an EV may be safer due to rapid technology changes and faster depreciation. should you buy a new car

New cars can lose 20–30% of their value in the first two to three years. If you plan to sell within five years, buying a 3–5 year-old used car—which has already absorbed this hit—might be better. In some popular models, like the Toyota RAV4,

New cars typically have higher insurance premiums and higher property taxes in certain states. Smart Buying Tips for 2026 Leasing an EV may be safer due to