Posted on 10/1/2018
Have you been thinking about buying a new or pre-owned car lately? Have you been considering a change in vehicles for a while but can’t decide if you want to spring for a new car or look for a pre-owned car that might prove easier on your wallet? There are pros and cons to both. Here are a few things to think about when you’re trying to decide between a new versus a used car. With a new car, you can get exactly what you want--the color, the trim, the features. Your new car will come with a manufacturer’s warranty. Many used cars, especially those sold by individuals, are sold “as is.” If you’re the first owner of a vehicle, apparently you will get more life out of it than out of a used car. Do you tend to keep your cars for a long time and drive them to very high mileage? In that case, buying a new car will likely give you more years of ownership. What is the main drawback to buying a new car, then? Well, there are three: 1. Depreciation. 2. Deprec ... read more