When shopping for a new car, the first question to consider is buying new or used. Right off the bat, how you're looking to pay for your car may make the decision of buying new or used for you.
If you are looking for a lease, buyers have no choice but to look at new vehicles. In terms of financing a deal, pre- owned vehicles traditionally have higher finance rates attached to them as opposed to their new counterparts.
When calculating cost of ownership, a new vehicle will not cost as much to maintain but the initial cost is greater. After crunching the numbers and deciding to opt for the pre-owned vehicle, experts recommend looking into an extended warranty. It's important to pay close attention to the rates between a new and pre-owned vehicle, consider the monthly cost for each and then factor into the equation additional up-keep costs.
When deciding what type of used car to purchase, the more expensive a new vehicle is, if properly maintained in their previous ownership, will make the better choice in your garage. These high end cars may cost a bit more to purchase, but in most cases the vehicle will be less expensive to operate and maintain while it belongs to you.
When comparing side by side, new vehicles gives you the safety net of a full warranty and a strong lemon law legal support for new vehicles that have chronic problems, while a pre-owned vehicle purchased without the extended warranty and/or the dealer guarantying the vehicle can sometimes lead to spending good dollars after bad. Take your time on a pre-owned vehicle, shop at a reparable dealer to get your best opportunity on a pre- owned vehicle.
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