Purchasing A New Car Versus A Used Car

Added August 22, 2005 by Think Glink Staff

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Summary: Purchasing a car can be a very big, very expensive decision. You want to make sure you have all the style and safety features you want, and that it fits within your budget. If you are willing to spend the money for a new car, you will be able to get the color you want, the options you want, and a decent warranty. However, if you take a few basic precautions, you can find a used car that is affordable and right for you.

Q. What are the advantages to buying a new or used car?

A. According to the National Institute for Consumer Education, the average price of a new car is about $18,000. Some carbuyers can afford to pay this, but many must find less expensive alternatives, so they look for a used vehicle.

In addition to the lower base price, there are many advantages to buying a used car, including: Insurance generally costs less for an older car than for a brand-new one. Used cars depreciate less after purchase than new cars do. It may be easier to negotiate with an individual owner than with a car dealer.

There are, however, important disadvantages that you must consider as well: A used car will generally require more maintenance and repairs than a new car. A used car often comes with no warranty, whether you buy it from an individual or a dealer. The previous owner may not tell you everything there is to know about a car.

If you are willing to spend the money for a new car, you will be able to get the color you want, the options you want, and a decent warranty. However, if you take a few basic precautions, you can find a used car that is affordable and right for you.

Published: Aug 22, 2005

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