Nearly seven years ago, I made one of the most extravagant purchases of my life. After a couple of years of saving money, I bought a shiny new silver sedan. This beautiful car was fitted with a luxurious custom grill. For the first several months, I constantly looked at my stunning new car through the windows of my back door. My acquisition was definitely worth the wait. I’m glad I waited to save the money needed to make a cash purchase. Now, I can enjoy my car without having to worry about monthly payments. On this blog, you will learn how to shop for the best car for your budget. Enjoy the ride!
If you ask anyone for advice on whether you should buy a used or new car, you'll most likely get the same answer: used. Proponents of "used cars only" always like to tout the cost savings and depreciation that occurs once you drive a new car off the market. While that's true, it's worth a look to see how the two options stack up beyond just the cost alone. You may find out, after addressing your own personal situation, that buying new from a car dealership is the best choice after all.
Cost
There's no doubt on this one. If you are very cost-conscious, then it's probably a good idea to buy a used car, no matter what kind it is. Car values do depreciate significantly after you leave the lot, but that really only matters if you plan on selling it within a few years. If it's your dream car and you plan on holding onto it for a while, that may not be as important. You should also do your homework on resale prices since some cars don't depreciate nearly as fast as others. Plus, there's a strong argument to be made for the warranties that come with buying a new car that can save you thousands down the road rather than buying a car as-is.
Technology
The latest technology is always going to be in newer cars. If you plan on buying used from a car dealership, it may take years for you to get the same technology in your used car that you would have had several years ago if you bought new. If there are hiccups with a new car's technology, you can always bring it back in for repair (usually under warranty), or you can simply wait to buy a used car when the minor kinks are worked out. It just depends on how patient you are.
Stress
Buying a used car is both more stressful and less stressful at the same time. It's less stressful because you don't worry as much about the dings and imperfections that may occur, but it can be more stressful due to uneasiness about the previous owner's driving habits. Buying a new car has its own concerns. You may be afraid that you're paying too much or that the slightest bit of damage will ruin it for you completely. New cars generally come with a strong warranty to cover those accidents, so if little imperfections bother you enough, it might be a good idea to stick to a used car dealership.
To learn more, contact a car dealer near you.
Share