<human>:  What are the pros and cons of buying a used car?
<bot>: 
Pros:
 • Generally less expensive than a new car      
 • No devaluation in value      
 • Can often find good quality vehicles      
 • Lower registration and insurance costs  2

Cons:
     
 • Lack of warranty      
 • The car may have hidden problems      
 • Difficulty verifying the seller's statements      
 • Potentially higher maintenance costs      
 • No fresh new car smell