If it is time for you to get another vehicle, then you should buy one that is used. The main advantage of buying a used car is that you can save money. Not only are the monthly payments lower, but you can save money in other ways. For example, it is usually cheaper to insure a used vehicle than it is for you to insure a new one. The registration fees are also lower. Every vehicle depreciates. However, new vehicles start to depreciate quickly.
Older vehicles do not depreciate as quickly because most of the depreciation occurs within the first year. Additionally, a used car may allow you to get more for your money. For example, if you get a vehicle that is only two or three years-old, then you may be able to get a cheaper car with many of the same features as a new vehicle.