New or used car — which is truly cheaper?
The Direct Answer: Financially, a 2-3 year old car is the sweet spot: someone else already took the biggest depreciation hit (15-25% vanishes year one alone, ~35-45% in first 3 years), while the car stays modern with extended warranty sometimes. New only pays off if you'll keep it 8-10 years to spread depreciation, or in rare markets where used is overpriced.
💡 Key Arab Exception: During currency collapse, used car prices may spike (Egypt 2022-2024) as cars become value stores—flipping the math. Then comparison is real-time numbers, not rules.
🧮 Evaluate Any Used Car by the Numbers Before Buying
Related Questions in Purchase Decisions:
Source: Modakharaty (modakharaty.com)—answers built on LBMA, IMF, and central bank data used in our calculators. Not personal investment advice.