Buying A Used Car Rather Than New}

Buying a Used Car Rather Than New

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CWork

While driving off the dealer’s lot in a brand spanking new car has a definite appeal to it, there is just no getting around the fact that a used car costs a lot less money. The difference in price for an average family sedan can be as much as $8000 between a brand new and a two year old version of the exact same car. Even with 0% financing on the new car, it simply cannot come close to the savings offered by a slightly used automobile. No matter how deeply discounted the new car is a use one that is just one or two years old will always represent a significant cost savings.

Many people use safety as a reason to justify a new car purchase. The fact is, the difference in safety features between a new car and one that is just a couple years old is virtually nonexistent. Safety regulations generally do not change that much from year to year and since cars are manufactured to meet the standards set they do not change unless the standards do. There may be slight differences in the creature comforts provided by a new car vs. an older version, but if you save $8000 on the purchase of a used car, you can buy a lot of extra accessories.If you boil it down to the bare statistics a used car is more likely to have more mechanical issues or repairs necessary than a new one. Of course, if you buy your car from a reputable dealership there is a chance you can get an extended warranty of some kind. It is important to understand that the cars being built today are much more durable and reliable than ever before. It is not uncommon for a car to keep performing consistently and reliably well beyond 200,000 miles.If your intention is to buy a car and drive it until the wheels fall off, that is until it is absolutely unusable, then a used car makes even more sense. The difference in reliability and maintenance costs between a new and a two or three year old car is virtually nothing. You would be much better off taking the extra $8000 that you saved by buying a used car and investing it or putting it towards the purchase of the used car in the first place. When you compare the arguments for purchasing both a new and used car side by side, there really is no competition.

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Buying a Used Car Rather Than New}