Definitely not in the case of a major accident. Mine was hit over the passenger front wheel and re-built by a body shop for the owner's son. After a few months that shop sold it to me.

My dad and uncle used to re-build their own cars so I've had pre-wrecked vehicles around me all my life. I've always liked the cost benefit of going this route. But like everything else if you ask for trouble then you might get what you deserve.

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Buy new unless you have the inside track on what used car you would be buying..

Buying new these days have alot of perks..

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I've bought used for every car I've had so far. Just find a dealer that offers a warranty for used cars.

I drive a VW Rabbit right now - 2008 and I bought it towards the end of the 2008 year. Had like 10k on it, paid $9k less than new price and it came with the standard 3-year new warranty in addition to a 5-year used warranty so I have warranty until 2016.

Planning on buying used next time around too - the price difference compared with new can be massive.

I like to buy new. I like the peice of mind that things wont go wrong for a long time.

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Buying used is the way to go in my opinion. The second you drive that new car off the lot you've just set thousands upon thousands of dollars on fire.

Also, it's a bit of a crapshoot whether new cars actually give you the peace of mind. Co-worker of mine just had his truck (that he bought new) explode on the highway a few weeks after his warranty was all up.

The end result was a bill for over $10,000.

Crap happens with vehicles no matter what the age of them, and the average vehicle is never going to be an investment.

Save up the cash, buy it outright, and you'll be financially ahead of most others.

This is pretty much my thinking.

Some recent deals people have gotten on brand new cars.

Kia Optima
http://forums.redflagdeals.com/2013-...roofs-1254719/

Mazda 6
http://forums.redflagdeals.com/deal-...013-a-1255626/

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Depends on the brand, new or used. I bought new a 2005 Toyota Tacoma 4x4, five speed manual. Baby was $20k, and the best damn truck I've ever owned - reliable and plows through snow like butter.

Truck prior to that was a previously owned, 1995 Dodge Dakota (also a five speed manual). Biggest piece of crap ever.

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It depends on the car. If its a quality car and you plan on owning it a long time, then I prefer new. It's probably smarter and more cost effective to buy slightly used, but I'm not the type to drive someone else's sloppy seconds. I only buy new now days.

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leasing works well for me because I usually buy the car once lease is up because the car is worth more than the residual value + tax.

i.e residual is 9500 + tax yet you know via research you can get 12-14 k if sold privately or use it as bargaining chip for trade in