Should I buy a new car or an old one?

from many days I was just dreaming for a car but my financial problem always breaks my dream...now I think I'm financially sound so which one should I preffer---a new car or old one...

ofcourse a new one

YEAH BUY A NEW ONE AT LEAST YOU KNOW WHAT YOUR GETTING IN TO UNLIKE ME I GOT A USED ONE AND EVERY PAYDAY IT TEARS UP

I don't know about the Indian market but this is what I found in the United States.

The moment you drive a car off the lot it looses a suprising percentage of its value because it goes from 'new' to 'used.' The rapid depreciation at the beginning of the life of the car is very expensive. Because of this I found that the best deal in cars is in used cars up to 3 years old. A 3 year old car still has most of its life and should be as dependable as a new one (perhaps more because the 1st owner found most of the build problems).

High millege cars can be great values. I've bought cars with over 100K miles on the clock for as little as a few hundred dollars and drove them for years. People who put a lot of miles on their car do most of their driving on expressways which is easier on the vehicles than short trips around town.

The main advantage to buying new is that you can usually get better loan terms on a new car than a used one. On a new car you can get lower interest rates and/or longer terms to pay. Also driving a car from the beginning you can be sure it was never abused but you can still get a lemon (new car with multiple problems).