🚗 Should I buy a new or used car?

Finn

This calculator offers a straightforward way to compare the true cost of buying a new versus a used car over your planned ownership horizon. It helpfully factors in the major expenses—purchase price, loan interest, expected maintenance differences, and estimated resale value—to give you a clear bottom-line comparison. You'll want to keep in mind that it doesn't account for differences in insurance premiums or registration fees, which can be noticeably higher for newer vehicles. Still, it's a solid starting point for anyone weighing the peace of mind of a new ride against the upfront savings of a used one, helping you avoid a financial hairball down the road.

Reviewed v26.8.0