What's the better car purchase for me used or new?

Right now I'm looking at purchasing one of these two trucks. Also please do not try to convince me to buy a different vehicle, I have my heart set on this vehicle, just dont know whether or not I want used or new.





Used: 2008 Honda Ridgeline RTL (top of line model with dual climate zone, power driver seat, leather, towing pkg)


added extras by previous owner: 20" rims (nothing I would have bought myself, but it looks nice), side step running boards, ipod connector, cargo bed extender, tint.


Condition - good condition exterior/interior. two door dings, small chips from what looks like normal driving. 19.5k miles.


Asking price: $27.5k





New: 2010 or 2011 model (if I wait another 3-5 months). Honda Ridgeline RT (Base model without any of the bells %26amp; whistles listed above or added extras)


asking price: $30k for 2010, 2011 model est price is $31k.





- Part of me thinks the used car is a great deal because it has a lot of great features, top of line model, and it's cheaper. Also compared to KBB value it's pretty good deal. However, for only $2.5-3.5k more I can purchase a new car (although base) that will be 2-3 model years newer, and having a new car is always nice too.








What would you choose? Is the used car even worth considering?





~G|||You can buy the top of the line Ridgeline RTL with Nav for $31k ($6k discount).





http://amexnetwork.zag.com/new-used-car.鈥?/a>|||I think you could get a lot more off either one of those prices. I just got 25% knocked off a Honda Civic 2010.





You also have to consider financing. The interest rate on a used car is higher than on brand new depending what deals they have.|||You could negotiate a lot of the new price and maybe get the top of the line. If not I would take the new with a mid line trim and some food options.|||Go new. Offer a low price, new models will be out some. A lot of dealers want the 2010 off the lot to make room for the 2011's .|||Always ..prefer for New ones / with latest versions n up-gradations.


All the best n Good Luck.|||If you are not paying cash . You will have a higher interest rate with a used car loan . An may pay more for the used car then a new one over time .|||I going to give you a very broadened answer on the subject. I'm not going to even read the car list you have just because I'm going to give you a basic Idea of both sides of New and Used from what I see....





New:


Pros-


-The car is brand new and looks good


-The car is under manufactured warranty


-The newer the model, the fancier it is (interior, engine-MPG-, design, and very important, Safety)


-Financing can help build your credit





Cons-


-New cars are expensive, which means you will owe money for a year or 3 (possible debt plus you pay the interest as well)


-Damages, if you get a nick or scratch on that car, it can be expensive to repair, making you paranoid when driving


-More wanting, once the next year brand new fancier looking model comes out you will want that just as much as you wanted the new one.


-Depreciation, the car will depreciate the most during the first 3 or so years of owning, making it hard to get good money back, even with low miles (unless trade in... but you still lose in the end)





Used:


Pros-


-Cheaper, you can usually get a model one or 2 years behind the current for almost have the price (depreciation to your benefit), plus if you can add alot of personal touch to the car with the extra $$ AND you own the car if bought cheap enough.. so its YOURS!


-Less worrisome, if buy a car that isn't perfect, you will be less concerned with that hairline scratch that wasn't there a day ago...


-Used cars are almost easier to sell, because you didn;t buy them for nearly as much. Since the main years of depreciation are over.


-Some new car hassles (like immediate recalls depending on how old the car is)





Cons-


-The car is used, someone has been driving it before you for however long...


-Hidden problems after purchasing (opt for the extra $500 and get a extended warranty)


-Parts are more likely to break because already worn down due to age


-might be harder to sell if you keep it long enough and have a price too high








I'm probably missing a bunch, but that is my basic view on new and used...





-J