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[quote=Anonymous]Prices for used cars still seem high right now.  The "experts" think that prices will start to fall as supply rebuilds.  Some new car dealers are starting to see cars stay on their lots longer -- suggesting that prices may go down for these cars or we'll see better incentives on new cars (for some brands).  Some say that the new car market is better for buyers right now than the used car market.  But that the used market will start to improve later this year (as will the new car market).  It seems to me that prices for say 2-4 year old cars are still pretty high and not too far off from buying new.  At what point does is make more sense to buy new?

For example:  A 2024 Subaru Forester (premium trim) has dealer price of about $30K (before taxes, fees) which is $2K below MSRP.  A 2021 Forester with the same/similar trim, under 50K miles is about $25K.  I'm not sure how accurate these online prices are.  What is the better deal here?  A Toyota Corolla also seems to have about a $5K spread between new and 3 year old used.  Should I look at even older used cars?  I'm looking at a fairly broad range compact cars to small SUVs.

Unfortunately, I don't think I can wait too much longer to replace my 11 year old car.  And it is likely not worth it to make further repairs to it that are over a couple hundred dollars.  I think I'll need to buy something before the end of the year (maybe sooner).  Are there other costs savings to buying used?  Like lower dealer fees?  I'm guessing a used car could be cheaper to insure.  I'm not too keen on leasing but maybe that is something to consider in this market?  Thanks.[/quote]

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