first time car buyer Buy used or new?

Question

i want to buy a car in the next few months. Though I don't want to deal with the hassels of buying a used car, I'm not sure I want to buy a new one either. What are some pros and cons to buying used or new cars. Thoughtful answers please.

Answer 1

As a first time buyer first find out if you have a be con score if you do and its above a 600 you my be able to sneak past the scoring system at a bank if you get approved for used the int rest rate will be higher 15% on up, on new the have a better book value pulse the banks like to finance new cars they come with warranty's, depending how mush money you gross per year then you will get a very small payment call which will let you get a Small compact four door most new cars come with rebates cash back , so worst case you will have to put down tax & tags good luck

Answer 2

You can Not get First Time Buyers with a Used Car.


buying a New car, you can get First Time Buyers and not having to deal with problems of the car breaking down.

purchasing a Used Car, you can be getting someones Else's problem with break downs. Yes they do have some warranties on used cars but it's only valid with so many miles or so many months which ever comes first, they have restrictions.

I hope this helps.

if your purchasing a used car, take someone who knows quite a bit about cars to see if you will be getting something worth buying.

I hope this helps...
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Answer 3

I would purchase a used vehicle, a certified Honda or Toyota. If you buy new, as soon as you leave the lot, the car loses thousands in depreciation. So, instead of throwing that money away, buy one that is 2-3yrs old, and is certified, meaning the car has been conditioned, and warranted, and a guarantee exists regarding labor and repairs. If you get a used car, sure you don't know much about the previous owner, however, if they are buying/trading cars every two years, they likely maintain them through that time, plus if you purchase the "certified" ones, you have some extra insurance about it. Brand new cars have flaws, and things that breakdown,some get recalled for serious problems, so for me, buying used is much better on the pocketbook, and peace of mind. Insurance is cheaper also, hundreds can be saved there alone.

Answer 4

If your budget permits, buy a new one. However, I would suggest getting something not more than 2 years old if you are considering a used car. Depending on the car you are looking at, you can have it checked mechanically by a trusted mechanic and have it diagnosed by a computer system to reveal all electronic faults if any. Used cars are great since they have depreciated a lot on their first year alone. But be careful since what you migh be getting is a lemon. Always insist on some kind of warranty.

Answer 5

Go with a used car that has some type of warranty, like some of those certified pre-owned cars some dealerships have. If you go used as opposed to new, the intial depreciation will already have occured. You will be able to get more car for your money, and if you bought one with a warranty, alot of the hassels of buying a used car will be gone.

Answer 6

If you can afford a new car, then get new. Sure their more expensive, but there's a lot less hassle and most dealerships have really great warranties now.

With a used car, you might now pay a lot, but who knows what your really getting? It could cause you a bunch of problems and cost you a lot of extra money.

If you will be buying used, have your own mechanic check out the car before you purchase it. If the seller won't let you do that, they walk away because they are trying to hide something from you.

Answer 7

I would like used car..Because two months ago,I bouht a near new used SUV from online police auction.It only cost me $730.
Every day, the government confiscates, seizes and repossesses thousands of Vehicles.These vehicles are usually typically listed at 90% OFF their original value and auctions usually start at $100.

So i choose used car.
Good luck!

Answer 8

Buy one that is about a year old. It has already depreciated a bunch and you still have a new car. Also in some states if the sales tax has already been paid once, then when you register it you don't have to pay the sales tax again. KY is like that and we have 6% tax. So you save again.

Answer 9

go to this site, you can find new and used cars here... on the new you get a real price which most dealers will match or beat, no matter what you buy, make sure you do complete research first to include car and financing

http://www.carsdirect.com/home

Answer 10

Hi
You can find thousands of different auction and repo cars really cheap at http://www.carauctions.co.nr
Hope this helps