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The good thing about a new car vs. a used car is that you are more likely to make it through the 5 year loan without spending very much on repairs and maintenance. If you look at Honda, Toyota, and Nissan there isn't a huge difference in retail price between a car that is two years old w/ 25k miles and a new car. You can save some more if you go another couple of years but there is definite risk in buying a car with more than 60k miles on it.
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