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Mantius Cazaubon

New vs used. Which car is right for you? Consider the following.

Owning a brand new car is exciting. But financially speaking, it makes more sense to buy a used car. As soon as you drive a new car off the lot, it loses a great portion of its value. This is because your car is no longer “new”.

New cars lose about 40% of their value within 3 years, then depreciation starts to slow down. Why not buy a used car and allow someone else to take that depreciation hit?

The previous owner will have absorbed the steepest part of the depreciation cycle. At that point the costs of owning and operating the car will be reduced. The money you save on depreciation will surely go a long way.

Another benefit of buying used is lower cost. By buying used you pay less. You will also save on financing costs, insurance premiums, registration and licensing fees. You don’t have to worry about paying sales tax.

As with everything else there are a few downsides to buying a used car. There are greater chances for costly unwarranted repairs. You may very soon have to do major maintenance on your car, including replacing tires, battery, brakes, muffler, and perhaps even the transmission.

A used car is usually less reliable. You don’t know exactly what you’re getting into and how the previous owner treated the car. However, every situation is different and some used models may actually be far more reliable than some new ones.

If you can pay cash, go the new car way. Enjoy the feeling of knowing you're the original owner of a new car in mint condition. Nothing can replace that feeling.

Otherwise do not hang your hat higher than you can reach. Practice financial prudence. Save your money and comfort yourself knowing that one day you will be able to afford that dream car. One day when money is no object.

About the Author
Mantius Cazaubon offers a guide geared towards helping you find the best deals on reliable parts and accessories for your automobile at www.Toyota-Parts-Guide.com. Visit Toyota Parts Guide.com for auto parts savings.

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A Quick Note From The Publisher... If you like the article above, you may be interested in the following article which is also related to New Cars... Negotiating Tips for New Car Buyers You need a new car, but you’re just not ready? Even if you have money and/or great credit and you know all the details of the car you want, there is still one thing standing in your way… Negotiating the price! It can be uncomfortable or even scary, but you’ll have to do it at almost every car dealer. That’s why I’m going to give you some tips to get you through the negotiating process and drive home in your new car! Being a good negotiator doesn’t have to be difficult. Sooner or later you’ll have to negotiate with someone for something, so you better get started now. When you are trying to negotiate with a car dealer, you should know that they are very practiced in the art already and will hit you with everything they have. You will need to know how to get through their “car speak” in order to be successful. Here are a few tips to successful negotiating. -Remain positive and confident. -Don’t talk down to your opponent. -Show up prepared and ready to counter anything that may...