Does it make more sense to buy a new car or a used car?
That's a question that only you can answer, but of course you'll end up looking at price as your primary decision-making tool.
We've rounded up the most popular new sedans and their corresponding three-year-old used cars.
GO HERE to learn more.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
7 comments:
"We've rounded up" No... AOL Autos has rounded up.
And it really depends on the incentives. Currently you can still find 0% financing which would allow you to buy new without any money down.
If your present car is paid off and you buy a new one. remember to add a couple of hundred to your monthly payment for the comprehensive/ collision insurance you will be required to buy.
It never makes sense to buy a new car. I learned years ago from an extremely wealthy individual to always if possible "use someone else's money" and let "someone else take the depreciation" of a new car. Then you buy it from them.
Perfect credit score is a must in order to receive 0% financing. Not many people have that option with todays economy. And along with the depreciation of your new vehicle, your new becomes used as soon as you drive it off the lot. I would buy used.
I knew what I wanted to buy. I had a 8 year old Buick with 171k miles and a bad transmission. The Government comes along and offers to put $4500 towards the new car. To me, this is like doing your taxes and, at the end, you turn the page and it states "Deduct $4500 from you total taxes due the Government".
I guess I could have bought used and sold my old car for $100.
also have to remember when buying used that you dont know how that car was driven or cared for. even with a lower milage used car, you can have serious problems a short time later. sometimes with a new car, that warranty makes up for the extra money you spend. makers like hyundai offer a 100,000 mile warranty, and thats hard to beat.
I will never again own a vehicle where my a$$ is only 6 inches above the ground.
Post a Comment