One disadvantage to buying a used car is you won't have as much choice when it comes to colors, styles, and options. You're limited to whatever is on the market and you may have to shop around for a while before finding one you like. Another big disadvantage is the possibility of be...
The Pros and Cons of Buying a Used CarLaura Lee
For over 20 years, Ramit has been sharing proven strategies to help people like you take control of their money and live a Rich Life.“Should I buy a new or used car?”If you asked almost every personal finance pundit that question, they'll give you a bunch of reasons why you should...
This feeling of independence, and the freedom to go where you please, is perhaps the greatest advantage of having a car. When considering the drawbacks, perhaps pollution is of prime importance. As more and more cars are produced and used, so the emission from their exhaust-pipes contains an...
Buying a car means you own it. If you pay cash, such as for aused car, you might own your vehicle outright from the start. If youfinance the purchase with a car loan, you’ll build equity in the vehicle as you make payments. At the end of the loan term, you’ll own it outrigh...
be transferred to a new owner if the car is sold. But if you buy a used electric car, the warranty may already be voided. That means that if you encounter any issues, you’ll have to pay for repair or replacement out of pocket — so make sure to factor that into your budget, too...
The benefits of refinancing a car can include lowering your monthly payment, but you should weigh the pros and cons of refinancing.
CNG vs Electric Car: Know more about pros and cons of CNG and electric vehicle cars, there purchase cost, maintenance, emission levels, running rate and other important details.
Part of the Series How to Buy a Car For anyone facing an expiring car lease, it’s decision time: either buy the car from the finance company or return it and find a new set of wheels. Deciding what to do with your current vehicle is always a personal choice. Maybe you really ...
With leasing, you do not own the vehicle at the end of the lease term. Financing is more expensive in the short term, but you will own the vehicle when you finish paying. When you lease a car, you pay to use it for two to four years — and will return the vehicle once the lea...