When buying a car either for personal, family, or business use, there may be situations where you may have to consider whether it will be wiser to buy a used car or a new one. It wouldn't be a hard decision if the car to be purchased will be crash and burn, like with what we've seen on films like Fast and Furious. To my mind, choosing used cars is the more production cost-effective option.
Of course, the use of new cars to smash in films for the sake of authenticity is not totally unheard of. Let's veer the discussion for now from cars used in films to real life. If given the choice, will it be a new or used car for you?
Cost of Purchase
Used cars are far friendlier than new cars in terms of purchase. This is because taxes, insurance, and down payment tend to be lower. It follows that monthly payments are lower.
Consider using a Car Payment Calculator to have a general idea of monthly payments when buying a car. I actually found one online where I got the chance to play games. Once buyers understand the financial obligations involved, it will be easier to arrive at a decision.
Access to Reviews
Buyers can get more information to a car's performance from reviews. Because used cars have been in the market for some time, buyers get authentic reviews from actual users. This may be more difficult to obtain for new cars because of the lack of readily available information.
What buyers would see about new cars are marketing information about their features. The cost of depreciation and experience hits the original owners more than succeeding owners. The important thing is to know the critical information before buyers let go of their money.
So if you want to maximize your money's worth for a car purchase, make sure you take the time to consider the pros and cons of new and used cars. Frequent change of cars may be a luxury reserved for the rich or people like Dominic Toretto who live for street racing and heists, aside from family.
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