Car Buying Guide
The subject of this car buying guide will be on the topic of whether it is more advantageous to buy a new car or a used car. Probably the best way to take a look at the subject of new or used cars in in this car buying guide would be to simply break down the pros and cons of each possibility — buy a new car or buy a used car.
For the purposes of this car buying guide let’s start first with buying a new car.
Car Buying Guide – Benefits and Drawbacks of Buying a New Car
Benefits of buying a new car:
* A new car is going to come with a comprehensive three-year 36,000 mile bumper to bumper manufacturers warranty. Today some manufacturers will provide power train warranties of up to 10 years and 100,000 miles. This of course, provides for great peace of mind and the possibility of having to come up with some major bucks in the event of needing repairs.
* A new car is going to have all the latest safety features and creature comforts as well as the latest body style. So if it’s important to you to be on the cutting edge of features and style and buying a new car is recommended in this car buying guide.
* Since it is a new car you’re buying, you have the comforting thoughts that you are the first and only owner and there is no worrying about how the car was treated previous to your ownership. This can be for people and that is why I included in this car buying guide.
Drawbacks of buying a new car:
* It is going to cost you quite a bit more than if you had opted for the used car purchase; simply because the sticker price for a used car is going to be significantly less than the sticker price for the same car as a new model.
* The car insurance coverages are going to probably cost you more with a new car as a pose to a used car simply because the cost to replace anything on the new car is going to be higher and the possibility of car theft with a new car is also higher. So even though you may get safety feature discounts with a new car, all in all your insurance costs with a used car will probably be less.
Car Buying Guide – Benefits and Drawbacks of Buying a Used Car
Benefits of buying a used car:
Even though the benefits of buying a used car are very much the opposite of the drawbacks on a new car, let’s take a quick look.
* The used-car is going to simply cost you less to buy than a new car would. Also, generally speaking the folks on the used-car lot are going to be much more willing and have much more flexibility when it comes to negotiating the asking price of a used car versus that of a new car price.
* Your comprehensive and theft insurance is going to be less with the purchase of a used car. The important point to keep in mind on this subject from this car buying guide is that you keep in mind that insurance is indeed a monthly expense on top of your car payment.
* With a used car, you may be able to buy an upgraded version of a model on the used-car lot that has all the extended features; whereas on the new car side you might only be able to afford the base version of the same model.
Drawbacks of buying a used car:
* The unknown — you won’t really know how the previous owner treated the car or if they provided the routine maintenance for the used-car.
* The used-car will only come with a limited warranty at best. Whereas the new car as we mentioned above in this car buyers guide will always carry with it at least a three-year 36,000 mile manufacturers warranty.
* Certainly, the used car will have a head start on how many miles it has on it. And any car as the miles begin to pile up is going to cost you more in maintaining the health of the car.
Hopefully, the bullet points outlined in this car buying guide has given you some food for thought when it comes to buying a new car versus buying a used car. In this short car buying guide article, I haven’t had the time to cover all the features and benefits of the new car versus a used car, but this is certainly giving you a good place to start your thinking.
