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Thursday, March 26, 2015
Used Car or Brand New Car?
If you are planning to buy a car and you do not have much budget for it, you will think twice if you are buying for a brand new over a used car. Here are some considerations when making a decision:
Consider your budget first for the car, a budget that would not hurt your financial status and not bring you into debt. It is a decision whether you will get a brand new car under loan amortization or buy it in one time payment. It may be higher in price, but you will have a worry free for atleast on its first to second year depending your maintenance and use.
On the other hand, a used car looks cheaper than a brand new unit. But also consider where and whom you bought the car, it should be from an established, from a friend, or a reputable dealer. Make sure that you have your own car mechanic to check the car before finally buying it. Depending on the condition of the car, maintenance can be costly in due time. A used car will have a lesser depreciated value.
Weigh your options and decide what do you think is the best for your needs.