349: When to Buy New vs. Used and is That Car Repair Worth the Cash?

BiggerPockets Money Podcast · Oct 31, 2022 · 1m

The new vs. used car debate has been going on for as long as automobiles have existed. For almost the entirety of time when cars were being bought and sold, it seemed like a responsible, frugal decision to buy used, save up some money, and take the repairs with the deal. But inflation has changed this debate in 2022 (and beyond). Used car prices are high—sometimes even higher than new cars—prompting shoppers to reconsider what makes the most financial sense. In the first half of this show, we talk to Liz Frugalwoods, financial blogger and borderline professional at buying and selling cars…