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The market is rather efficient in these vehicles, so depreciation isn't a way to save money. Dealers beg 3-yr-old car owners to sell their cars back so they can flip them. Like real estate, cars are cheap to buy. The expense comes when you sell them, losingthe residual becase you won't get a good price. The most important factor in auto afforidability is how long you own the car, not how good a deal you get at purchase time. And buying a "reliable" used car is a risk, because you don't know what damage this particular used car has suffered. Unless you have good intel on why the previous owner gave it up, and how they treated it, you're taking a gamble.



You can pretty blindly buy a no-accident 3-year off/lease Honda or Toyota and be overwhelmingly likely to have a great ownership experience.




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