Buying a New Car Vs. a Used Car
- You know no one else has driven and potentially damaged a new car. It should be practically maintenance-free for several years, and if something does go wrong, it's covered by a warranty. You have the advantage of choosing exactly what features you want in your car.
- A used car is substantially less expensive than a new one. Even a model a few years old costs thousands less than a new car. Also, taxes, titling fees and insurance should cost less on a used car.
- Keep in mind that your resale value won't be much greater on a new car than a used car. By the time you drive your new car home from the dealer, it's considered used.
- If you decide to buy a used car, ask about the car's ownership and maintenance history. Don't assume it's been inspected because a dealer is selling it. Take it to be inspected by a licensed mechanic.
- In the end, your choice of a new or used car is an individual decision based on whether peace of mind or a lower price tag is more important to you.