Car Buying Advice

New Car or New to Me

New Car or New to Me

Do you have to buy a new car?

The answer to this question may be yes, but it’s likely no. There are lots of options these days. New to you is still new. This could mean a new car, a used car, a certified pre-owned car, or a new car lease. We all want to get a good deal on our next car. More important, we want to get the best value for our money. Ben Franklin once said “A penny saved is a penny earned.” That mantra is especially true in car shopping.

Used Car:

So, what brand of new car is “new” to you? Buying a used car is almost always a good financial move. All cars are depreciating assets, but a new car is a hyper depreciating asset. Its value falls far and fast in the first year, so buying a late model used car could be a great financial move.

repair

Certified Pre-Owned:

An alternative to the traditional used car is a certified pre-owned car. This car comes with an extended warranty backed by the manufacturer and typically goes through a detailed inspection process. It’s as close to new as a used car can get. However, the piece of mind that comes from that inspection and warranty comes with a price premium. The certified pre-owned will cost you a bit more than your traditional used car.

New Car Lease:

A new car lease is also an alternative, but you have to make sure you understand what leasing means. A lease is a great option for someone that doesn’t put a lot of miles on their car. It’s also good for someone that likes driving a new car every couple of years, or can get tax benefits from leasing. A lease is not for you if you are a road warrior, don’t enjoy any tax benefits from your car, or you like the idea of eventually not having a car payment.

Conclusion:

At the end of the day you are buying a car to solve a transportation need. Your first goal has to be to make sure that you fill that need first, and then find the right used or new car. Either choice is a good option. Buying a car these days is not one size fits all. In fact, some could say its one size fits few. Good luck finding the size that fits you.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Car Buying Advice

How Big is Your Down Payment

JonnieAugust 24, 2017

What’s Your Car Shopping Budget

JonnieAugust 10, 2017

The Life of the Female Car Shopper

JonnieAugust 4, 2017

When Should You Buy A New Car?

JonnieJuly 3, 2017

Millennials and Car Shopping

JonnieJune 25, 2017

Why Buy Certified Pre-Owned?

JonnieJune 17, 2017

When Should I Get an Auto Insurance Quote?

JonnieJune 14, 2017

Top 4 Reasons to Buy a New Car

JonnieJune 9, 2017

Car Dealer Shopping

JonnieJune 6, 2017
@NewCarPromos.com we have aggregated a list of all of the financing specials available in every market for every car and trim in the U.S. Check our our New Car Deals page for money saving offers.

Copyright © 2013 NewCarPromos.com