The guys above did a pretty good job of covering everything. The one thing you might want to consider if buying a new bow is that they really do last a long time.

I recently just bought a new bow, but previously was still hunting with a bow that I purchased 11 years ago. Yes bow cost have gone up a LOT since then, but consider what you are getting as well.

My new Bowtech Carbon Icon did cost twice what my old Martin. However... I would argue that it is 3 times as accurate. So to me the value is there.

Plus if I break down the cost of my new bow over the years I will use it. It not that badly priced. I paid just under $800 for it. Divide 800 by 11 years (I fully plan to use it that long). Thats only $72 a year.

If you buy an old bow for $300 but only use it for 2 years, thats $150 a year.

Now, an old bow will still work just fine for you. If you are unsure about how much you will enjoy bow hunting, then take the safe route and buy used. I just figured I would share with you how I justified buying a new bow to my soon to be wife haha