I recently bought a used SUV and for 2 years of use and 17,000km on the tires, it’s the best $18-20k I’ve saved myself. I don’t think I’ll buy a new car again. Between the trade in on my previous car and having a bit saved up, we put enough down that the financing rate wasn’t even much different than for a new vehicle, and it didn’t depreciate by 30% the second I took it off the lot.
It did kinda suck not being able to peel off the plastic protective covering, get that new car smell and put the first scratches on it, but 🤷🏼♂️