Should I buy new or used?

Question

Should I save some money and buy new? or go used?

Its about a 2k difference..

Answer 1

If I could buy a new car only $2k more than a used one, I wouldn't be always driving a five year old car! I never heard of such a low price difference between new & used. Go new, they smell so much nicer.

Answer 2

With Employee Pricing gimmicks - all the prices of used cars fell through the floor and lots of people traded in their older cars for new ones - and even got lower payments...

You didnt say the year model or equipment (or mileage) differences between the two cars so I would be hesitant to give you specific advice.

I will say that a new car depreciates faster than a used car and a relatively new car can often qualify for new car financing. Most cars easily hit 100k miles and low miles is NOT a sign of a good used car!

Example. My little old lady grandma bought a brand new car in 94. In 2004 the car had 36000 miles on it and had been in the shop a gazillion times before the head gasket blew. The car rarely got over 40 mph and she was not from Pasadena.

The worst kind of driving is to the store and back! It is hardest on every system - except tires - in a car. I have a 2003 car that has 191000 miles on it and with routine maintenance, has NEVER been in the shop. I just drive 100 miles each day - on the freeway - to work. My car has very low resale value - BUT IT RUNS! Hers, high value - after you pay for a new motor!

I have been in the car business for 20 years and believe it or not, most low mileage cars have proven to be problems cars!!! The average mileage USED TO BE 15000 per year. Reality is that 20000 per year is more normal and a good gauge of what miles should be on a used car.

Also, check the gas and break pedals for signs of wear - that is a good indicator of city driving.

Answer 3

I always buy a good used car from a reputable dealer, #1 look for low milage #2 Check condition of tires paint Etc. #3 look at service record if available #4 Get info from last owner #5 test drive througly not just a drive down the steet and back get out on the highway and drive it #6 make sure it is what you want and can live with.
My last purchse was a 2 year lease car from a good dealer who leased it, and turned out well, I have had it for 9 years, my previous car was a similar deal and I drove that one 21 years, you save depreciation and taxes are lower, stick with one 2 or 3 years old, and you can save a bundle!

Answer 4

IF you can find a used car that is still under warranty, I would buy it IF That was what I wanted. You will save a couple of thousand dollars, or more, right up front and IF there is a problem, it will still be under warranty. That way, you can have your cake and eat it to. Good luck. Pops

Answer 5

Get the new car.
Two thousand is not that much on a car these days,
and a new car will come with more warranty.
With a used car there is always the possibility that you are buying someone else's problems.

Answer 6

if its a 2k difference i would buy used or if your a rich kid and you can get the money fast go ahead and buy new im poor so i say used