With around 275 million cars on American roads, there is no doubt that Americans love to drive. Having a car is very convenient, and can save you a lot of time on your travels to places like work, the gym, the store and others. Of course, in order to have a car to use, you generally have to buy one.
When you are in the market for a vehicle, you have a choice to make. You can decide to go with a new car, or a used car. New cars have less miles, more warranty and you can feel good knowing you are the first owner. However, used cars are generally much more affordable and you might be able to find a better variety when looking at used cars.
While each has their own pros and cons, there is sure to be an option that is right for you. In an effort to help, this blog post is going to go over some buying advice and tips in the argument of whether you should go with a new car or a used car.
Know The Purchase Price You Can Afford
The first thing to think about in your search for a car is the price. You need to make sure you get a car that you can afford. In most cases, a used car will come in at a lower price than a comparable new car. However, it is wise to look at both new and used options within your price range.
In order to find your price range, you need to look at not only how much money you have and make, but also how much you spend. Car payments can often be hundreds of dollars every month, and not to mention you may want to make a down payment as well. You need to sift through your finances and ensure you know the limit of what you are comfortably paying monthly.
Be sure to stick to your budget, as some people can’t deal with the temptation if they look beyond their price range. Getting stuck in a bad car loan can be a very expensive mistake, and one that can loom over you for years.
Ensure the Car is Well Taken Care Of
Whether shopping for a new or used car, you need to make sure it is in good condition. While this is mainly a tip for used cars, there have been times where brand new cars being driven off the lot have already had issues. Be sure to take any car you buy in to a trusted mechanic, and also take it on a test drive. Of course, do a walkthrough of the inside and outside of the car, as well. Bring up any abnormalities or issues that you discover.
Be sure that you take care of the care you buy as well. Ensure you drive it carefully and take it in for routine maintenance from time to time. Also, be sure to keep it clean and protect it from the elements.
Be Aware of Additional Costs
While it is important to choose a purchase price you can afford, it is important to also be aware of additional car-related costs you might have. They are the things you are responsible for paying at different points during your car ownership.
These can sometimes differ depending on if you have a new car or old car. For example, car insurance will likely be more expensive on newer cars, but you might spend less on maintenance when compared to an older used car.
Also, keep in mind things like depreciation. Depreciation costs are generally higher in new cars, as they generally lose a lot of value within the first couple of years.
This article and the advice included in it will be able to help you in your decision whether to buy a new car or a used car. There is no “right” option between the two, and all comes down to personal preference.
If you know how much you can afford, ensure the car you buy is taken care of, and make sure you’re aware of all the costs, you are well on your way to finding the right car for your lifestyle.
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