<human>:  Compare the pros and cons between buying pre-owned and new automobiles.
<bot>: 
Pros of Buying Pre-owned Vehicles:
 • Typically less expensive upfront
 • Often features lower insurance costs
 • Can represent a variety of different makes and models  2

Cons of Buying Pre-owned Vehicles:
 • May have higher maintenance costs
 • Limited warranties
 • May not be in the best condition 1

Pros of Buying New Vehicles:-Comes with a full warranty
 • Has the latest technology and features
 • Greater peace of mind with a new vehicle 2

Cons of Buying New Vehicles:-Can depreciate quickly
 • More expensive upfront costs-Higher insurance rates