Tuesday, December 3, 2013

New car or used car? Which should you buy?

www.Facebook.com/PaulRaymondAuto
www.nhbestcarsales.com


Hello again everyone!! When you are shopping for a new or used vehicle I am sure the question comes up. Which should I choose? Well I have a real quick explanation of what you should consider when deciding.

Shopping for a new vehicle is stressful, I am with you! Its a decision that can sometimes stick with you for up to 6 years! Not to get crazy but that's about 1/15 of your lifetime! So deciding on what to get is huge!! Now when buying a new car, especially is the new Hampshire or new England area you can always contact me directly at the facebook page above! If not, just take a peak.

Why new?
New cars have a certain SMELL, a certain feeling. Why? Because nobody has ever owned that vehicle. Its a great feeling! New technology, new features, new safety, new everything! And the most glaring of the feature, NEW PRICING! Now getting what you want always cost a little more than you think, so that is easily disregarded, but that's just the initial value. Two things I would serious consider if I was to buy a new car. 1: Make sure you have a solid initial investment! This is to lower the principle owed as well as the payments. Both things that are good for your budget! 2. LEASE!! A lot of people have things in their mind come up like "I drive too many miles" or "I don't want to rent a car" These are all silly ideas that you can easily make up for with a few questions. You ALWAYS save money by leasing. First you normally trade vehicles in every 2 - 3 years anyways, regardless of how you say "this time I am keeping this car till it dies" There are always things that change your situation and your life. Leasing makes it easy to not be stuck in something you don't want to be in.
On the other side of new cars is well, you pay too much. The cars lose 20 - 40% of their initial value in the first year and up to 50% in the 2nd year! yikes!! So if you "financed or purchased" a vehicle imagine owning it for thousands more than its worth due to the initial depreciation! For this alone I would say if you HAVE to buy new, then lease it. If you don't lease buy it used!

Used
The major reason why you would buy a used vehicle is the savings your get from the deprecation that I just mentioned. If you could save yourself 4, 5, 6 or maybe $7000 wouldn't that worth buying a vehicle with low miles, warranty and the same dependability and reliability. Another great thing is that most dealerships can extend the factory warranty and save you a bunch of money on repairs! Another great reason to buy used is just that fact it has been used. Things may have gone wrong and now they are taken care of. Some people may say "I don't want other peoples problems" To that I say, "The problems of spending $5000 or as much as $150 extra a month" That's just silly. Also you can put yourself in a vehicle with far more options, equipment, and luxury then you could if you bought brand new. Imagine owning an Audi or a Lexus for the monthly investment of a Civic, or a Corolla, or a Focus. Who wouldn't want to give themselves MORE for the cost of LESS! Its a no brainer in 95% of all situations!

I hope all this information was helpful, as always consult with me on any questions no matter where you are in the world! I am happy to help you!

www.facebook.com/PaulRaymondAuto
www.nhbestcarsales.com