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If your goal is saving money, buying a used car rather than a new one can save you big bucks in several ways.

Jack Nerad, Kelley Blue Book's executive market analyst, is another cheerleader of buying used. "Used cars are a great value," he says. "Cars today are really good and really last a long time. They have longer useful lives than in the '50s and '60s when I was growing up."

While paying a lower purchase price for the same car model used rather than new is the obvious reason to buy a used car, there are others as well.

Even so, Reed cautions that all used cars aren't created equal. A consumer must do his homework before deciding if a used car is in good or bad shape. With that caveat, here are five of the best reasons to buy a used car.

There are over 250 000 clean and salvage title vehicles available for sale on our web site every day. The prices on our web site are different, everything will depend on the condition of the car you're choosing.

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I's no secret that used cars are an affordable option for buyers—especially for penny-pinching millennials. "They really are making very pragmatic choices," said Edmunds.com analyst Jeremy Acevedo.

Know your number

"Before you even start shopping, know what you can afford"

Make a list of cars

Now that you have your budget, look at what type of cars fit into that price range.

Shop around and negotiate

Once you've narrowed your list down to a specific car, get it inspected by a mechanic to ensure there aren't any problems that could cost you down the road.