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
Latest technology
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
Less depreciation
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
Outdated technology

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 252px a 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/

 

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