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| The Difference In A Used Car And A New Car. |
By:
Thomas Knight |
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Many people have had this debate over and over on which one to buy. A new car with a warranty, knowing it's brand new and getting all the specials sales through a new dealership. What about buying a used car, lower payments and buying right, you can sell the car when your tired of it and break even or make a profit. I believe this is a preference thing but I do have something to help you and see which way you fall.
With a new car I must say I have seen break down just as quick as some used cars and knowing this I have often times been drawn between the 2. Now I love knowing that owning a used car and buying it right I can sell that car and pretty much not ever lose any money. Buying a new car you lose value the minute you drive off the lot. So what do you need to know to make your decision? Well let’s start with a new car, you lose the value, which means you are in the hole starting off. If you go to sell it back in the 1st year you are still losing money. The upside is you don't have to come out of pocket for any expenses that you may inquire with your new car. What is the breaking line though, where do you decide which cost you more in the long run.
Dealing with a used car, yes you may have some thing you have to do to the car from the word go. But if those cost don't exceed the money you lose driving off the lot then did you make a better decision. When it comes to a couple of dents, and you buy the car for a much lower price then you may come out better.
If you are not familiar with Kelly Blue Book, KBB.com then this is a site you need to check out when you are dealing with used cars. It will give you a great pricing guide line to figure out which way is better for you.
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