Buying New or Used?

For every new car or truck that's sold in a given year in the U.S., 2.5 used vehicles are sold. Indeed, the used car market—some 44 million used vehicles change hands each year—is far larger than the 17 million new car market.

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"Used cars provide the opportunity for someone to purchase a car of their choice for less money, or to step up to a better model," said Vogelheim. The reason is simple: The original owner has already absorbed the largest depreciation hit, so you don't have to. Jack Gillis agreed: "Our findings are that a used car can cost 50 percent less overall to run compared to a new car."

Read more at MSN....