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[quote=Anonymous][quote=Anonymous]
NP and we bought a certified preowned Accord that was 3 years old, with about 35k miles. I think we probably saved $5k, money I was completely happy to keep in my pocket. [/quote]

Hopefully I'm not being obnoxious, but here's another way to look at it. Just based off MSRP for a similar 2012 Accord with 35k miles vs a new Accord (price difference about $5600):

Assuming the vehicle makes it to 200k miles, buying new you pay about 11.5 cents per mile to own the car. Buying the used car you pay about 10.5 cents. These numbers, of course, ignore all maintenance or repair costs, gas, etc. So, buying used over buying new effectively saves about 2000 dollars on a cost per mile basis.

Assuming you drive it 12K miles a year, which my insurance company tells me is typical, the new car will last you about 17 years, while the used car will last you 14 years. In this case, the New Accord costs about $110 more per year to own than the used Accord, but you also get to go three years longer without replacing it.

If you start factoring in real-world conditions, you get hit a little harder on the front end with a new Accord, since you'll pay a little extra in taxes, but you also then know the entire history of the vehicle and can ensure that it's not a former rental or lease that had a lot of extra wear and tear due to aggressive driving in a previous life.[/quote]

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