Which is better. Buying a used but really good working car or Buying brand new? And why?
- buy a good used car. The minute you drive off the car lot your brand new car depreciates to the point you will never make your money back
- There is no easy answer here. It depends on your priorities and your financial situation. The choices are buy used, buy new, lease or steal. The only one that is wrong for everyone is steal. It is not as simple as the instant depreciation arguement. A car, for most Americans, is an emotional buy, not a logical one. The instant depreciation arguement is valid. However, the joy of owning the latest car with that new car smell and the new car shine is a very powerful feeling. If you can afford it, or if that is your personal priority, go for it!. If you buy only used cars your entire life, chances are you are going to run into a few lemons. This can really be a bummer. especially if you spent everything you had and did not put anything aside to make repairs. If you want the latest car every three years, lease is an easy way to do it. This is especially true if you own a business. You cannot as far as I know lease a used car. Just watch out for the gotchas. If your financial situation changes, it is hard to get out of a lease. It is also important to note that intrest rates on a new car are lower than a used car. If your priority is saving money and having a "cool car" is a low priority for you then buy a used car and pay cash for it. It is a more financially sound decision. If you can not afford to buy it outright, get less than you can afford, pay it off and start saving for the next one. even if you have to start with a savings account or CDs. This is a difficult question to answer. it is a very subjective decision. Only you know what is right for you
- Buying slightly used is smarter than buying brand new. A used car with existing warranty - i. e. not more than 4 years old and with no more than 50K miles - will feel like new while it will cost much less to buy and insure. There are online dealers like motobidia.com / index. asp who only sell used cars with full factory bumper - to - bumper warranty without the brick & mortar setup markups
- my suggestion is never buy a brand new car, as soon as you take it out of the dealer the car is worth thhousands less than what is was when you bought it, if you want a car that will give you virtually no problems lease it do not buy it, but if you want to buy I suggest you to buy from and individual rather than buying from the dealer, you get a better price and ussually a better car
- Buy a good used car. One way to know the condition of the car is to buy lease returns which have been leased by some one you know and trust
Knowledge Base
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Knowledge Base: Car
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Knowledge Base: New Car
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