<prompt> Human: Throw away for obvious reasons. I am a 24 year old still living at home with my only expenses being car insuance and my phone at the moment. I have managed to save up around 12,000 and am still adding to that weekly. The only problem is, I need a car by Tuesday and was wondering if it would be better to get a brand new car looking at one that is around 16,000 right now,but hoping to negotiate down to at least 15,000 or a used car for less and investuse my money elsewhere, or just save it of course. I dont have any credit, but i am hoping that since my down payment on my car would be so high that i would be approved for a 3,000 loan. I have heard of websites that have institutions bid against each other to get you the best interest rate, but i forgot the name, do you guys know of any? Also, what is the best way of going about buying a new car if I choose to do so? Right now, I am just going to go through my bank for the loan, but if I can get a better rate with someone else, I would. The only trouble is, i dont want a hard inquiry done on my credit 30 times with 30 different institutions to get the best rate as it would put a ding in my credit. However, like i said before I didnt establish any credit yet, but I dont know what credit score you start out with so Im not sure if it can be hurt or not. I guess what I am trying to ask is, what are my options and which one is the best one in your opinion? Thank you!Assistant: brand new cars are about the worst purchase you can make. all cars lose value at about 15year. pay 16k for a new car today, and in 2 years it will be worth only 11k. this is not a smart use of money. better to buy a used car thats only 2-3 years old, after some other chump has thrown 5000 down the toilet. I would recommend you find a nice used car in the 8-10k range and pay cash. no loans. you can get a great, low-mileage car in nice condition for that price. and with no car payment, you can keep saving and upgrade in only a few years for cash. Human: That is what I have thought for awhile. However, if I get a new car, I get a warranty. The only reason why I have changed my mind a bit is because I dont know if I am buying someone elses problems or not. I plan on keeping this car until the end of its life, or getting rid of it right before the warranty is up.  <response>: You can get a Certified-Pre Owned Vehicle thats still covered. 