A New or Used Car
...Which One Should YOU Buy?
There are very clear advantages and disadvantages to buying a new or used car.
In this article I will explain the main differences between the two. But first here is my video on the "Sweet Spot" of car ownership.
NEW CAR - ADVANTAGES
Care free ownership
No previous owner maintenance records to look through
Guaranteed accident-free car
No need for a mechanical or accident inspection at time of purchase
Lowest financing rate from the bank if you are borrowing
Lower maintenance requirements
New car warranty
NEW CAR - DISADVANTAGES
Must be bought at a dealership
Much more expensive than a used car
Higher cost of depreciation versus a used car
Unhealthy off gassing of the car interior plastic, glues and resin
USED CAR - ADVANTAGES
Drastically reduced price
Lower cost of ownership
Possibility of buying from a private party
Better extended engine and transmission warranty (if bought as a Certified car)
USED CAR - DISADVANTAGES
Higher risk of repair due to aging and miles
Possibility of previous accident and or abuse
Higher interest rate from the bank if you are borrowing money
Need for a physical and mechanical inspection by a specialist before purchase
I would recommend that you review the above and highlight the most important aspects of your car purchase. Click here for the full article I wrote on whether you should buy a new or used car.
Happy car buying,
Greg Macke - Your Car Angel
Greg Macke is a car blogger and author of “My 7 Secrets to Buying a High Quality Used Car”. He is a professional car buyer and consumer advocate working closely in the industry to improve the buyer’s experience. His high quality car buying tutorials offer help to the car buying public. – See more at: https://carbuyingsupport.com/