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Given the drastic drop in value a new vehicle takes as soon as it’s driven home by it’s new owner, and given the rising cost of insuring a new vehicle, now is the time to consider buying used.

But there are more things to consider than mere cost:

ENVIRONMENTAL IMPACT

Auto industry studies have shown that 12-28 percent of the carbon dioxide emitted during a vehicles lifetime happens during it’s manufacturing and initial shipment. This huge environmental impact can be lessened by buying a pre-owned vehicle. Look out for a vehicle that has good fuel economy, and not only are you saving your wallet, you’re also saving the environment by eliminating that significant emission right from the get go.

And keep the source of fuel in mind when considering electric vehicles. While they might be emission free, the coal or natural-gas burning power plant that the fuel came from is definitely not.

DEPRECIATION

A car [...]

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