How much does peace of mind cost?
While there is no specific answer, many people use the “peace of mind” reasoning to justify purchasing a new car instead of a used one. There are simply fewer unknown factors when buying new. There are no previous owners, no potential hidden damage, no abuse and no chance the car was previously totalled. Plus, the warranty on new cars gives buyers the ability to sleep easy at night, knowing they are covered for at least a few years in the event of a catastrophic failure.
Buying used offers none of those guarantees. Even late-model used cars can suffer tremendous breakdowns and cost thousands of dollars to repair. No one knows this better than my brother, the once-proud owner of a 2007 GMC Acadia.