subject: Buying New Instead Of Used [print this page] Before you buy a car, you need to decide whether you are in the market for a brand new car or a used car. There are pros and cons to both decisions, but many consumers decide to purchase new cars for a variety of reasons. New cars last longer and have more options for customization and payment than used cars do. A new car can be a great investment and can provide you with a lot of freedom and greater control over your own life. Carefully making the decision between new and used cars will help prevent you from feeling any buyer's remorse in the months after you make the investment.
Can You Afford It?
It may seem like common sense, but before you even consider shopping for a new car you need to evaluate whether or not you can even afford the cost of a new car. Many consumers make the mistake of shopping for a new car before they have evaluated their own financial situation. If you start shopping for new cars before you are certain about your finances, you may hastily make a decision regarding a purchase and then come to regret it later. A new car is a considerable investment and requires a lot of careful research before commitment. If you can't afford a new car, you should never shop for one. Dealers can be tricky and can make promises and assurances that will convince you to buy something that you probably shouldn't.
A Longer Lasting Vehicle
When you buy a new car, you are virtually guaranteed a longer lasting vehicle than if you were to purchase a used car. New cars don't have any previous malfunctions and they don't have any mileage that causes wear and tear or damage on the vehicle.
More Customization with a New Vehicle
When you buy a new vehicle, you have many more options than you do when you decide to purchase a used vehicle. Consumers who purchase used vehicles are limited in their selection to vehicles that have already been manufactured and purchased by other consumers. New car customers, on the other hand, can create a customized version of their car and choose which features they want included and which features they don't necessarily need. This process may help consumers to be ultimately much more satisfied with their purchase than a consumer who purchases a used car.
You also have more financing options when you purchase a new car rather than a used car. Buying a new car is considered by many financial institutions to be an investment worthy of financial assistance. You may be able to get affordable financing options that will help reduce your monthly payments and make the process of buying a car much more affordable. On the other hand, buying a used car often comes with fewer financing options. Dealers are concerned that the used cars they are selling will malfunction in a few years, and so they want their buyers to pay for the cars quickly. You may only be able to get a loan with a two or year term, if any, and this will raise your monthly payments.
