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A LATE-MODEL USED CAR can be one of the best values you'll find when buying a car. With relatively low mileage, modern safety and convenience features, and usually a much lower price than similar new vehicles, those used cars are in the sweet spot of auto deals. But how sweet?
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A new CONSUMER REPORTS study of owner costs shows that choosing a three-year-old car instead of a new one can save you thousands of dollars over the first five years. In many cases that's enough to pay for all of your gas during that time.
According to the analysis, buying a 2005 Toyota Camry with a V6 engine, for example, could save you about ...