New or Used Car: Should I Buy a New Car or a Used Car?Peter Nisbet
If you buy a $48,000 shiny new car, that car loses somewhere between 9-11% of its value the moment you drive off the lot. Fast forward 12 months and that car will lose around 20% of its value from the day you bought it. Used cars are cheaper to insure. Not only are used cars...
A new car may cost you less in terms of repairs, at least for the first few years. By the time the vehicle starts to need majorrepairs and upkeep, you may be ready to trade it in. If you pay cash, a used car may cost you more for maintenance but less in interest charges on a...
A new car shouldn’t give you gears, and when it does, there’s the manufacturer’s warranty to fall back on. The point is, you know that if you fill it with gas and perform routine maintenance, the car should get you from point A to point B. Can you say that about the oldie-b...
It’s the choice that millions of car buyers make each year: Do you buy a new car with all the bells and whistles, or a used car to save money? Deciding between that new car smell or a pre-owned vehicle involves more than just price — but it’s an important factor. ...
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