would u buy a slighty used vehicle..like one year old or a new vehicle?

Question

is it more worthed to buy a slighty used vehicle from a dealership or a brand new vehicle for about 17-19,000? lets say a honda civic. would they let you finance a used car? and are used dealership a rip off? will it be alot cheaper buying a used one?

Answer 1

Dont buy a one year old honda civic. Imports have great resale value, so you're paying sometimes a grand less, for a car one year old with 10,000 miles.

If you bought a 2006 chevy cobalt with 10,000 miles, it'd be $3000 cheaper at least.

Buy new imports, used domestic.

Answer 2

As with most answers it depends on what you are looking for in a car.

If you're not concerned with having a warranty look in the local newspaper, autotrader.com, cars.com or some other web site for the make / model you want and you'll probably find something close to what you're looking for.

If you'd like a little more security, and a corresponding bump in price, look for a used car at a dealer. My wife and I bought a Volvo from a dealer that had 6,500 miles on it and saved $10,000 of list. It also carried the balance of the factory warranty and was certified by the dealer (and Volvo).

If you'll keep the car for a long time (5 - 10 years) then buying new might make sense. A new car won't have any previous history and wouldn't have been used by the dealership as a loaner or have any other used car problems.

Basically I think the more expensive the car is (both to maintain and to buy) the more likely that I'll look at certified used cars on a dealer lot. And I would definitely look at the cost of the extended warranty. They can be expensive but for the last two cars I've had it has been worth it.

For example I leased a used Mercedes from a dealer and paid $800 for a one year Starmark (no longer offered!) warranty to cover the car from the end of the manufacturers warranty to the end of lease date. 6 months before I turned the car in it needed a new transmission and it was replaced at no cost to me by the dealer. When i asked how much it would have cost if I had to pay they stated a new transmission would have been $5,000. I wouldn't have had the work done at the dealer if it were out of warranty, but when I lease I'm worried about what happens when I turn in the car so for most of the time I get it serviced at the dealer.

On the Volvo I mentioned we bought the extended warranty for $2,500 which boosts the coverage to 6 years from original in service date and 100,000 miles from 5 years and 50,000 miles. To date we've replaced the motor mounts twice, the electronic transmission control module, the front drivers and passenger door lock motors, power steering pump, steering column and the front suspension components. And all of it was covered under the warranty.

And the additional warranty can be rolled into the payment and for the most part is transferrable to a new owner. And if the car has some new technology, like Hybdrids, then extended warranties will generally boost the coverage on those components.

For a Honda I would definitely look to the dealer and see what type of deals they are offering. The new Accord is coming out this Fall and this is the time of the year when the dealers want to get rid of the 2007s to start making room for the 2008s in.

Answer 3

You need to factor financing into your decision. You can finance a used car but the older the car the shorter term loan and higher interest you're going to pay. You can probably get a 2006 for 48 or 60 months but if you're on a tight budget where $20.00 or $30.00 a month makes a big difference you may be forced into a new car simply because you can get longer terms with lower interest and payments.

All things being equal though a good used car is better than a good new car in most cases (for all fo the reason stated in earlier answers).

Don't buy a used car that isn't still covered by the factory warranty.

Don't drink and drive. Don't talk and drive. Don't put on your make up and drive. Don't move to Florida and drive.

Answer 4

I bought my car through automotive avenues. It's a car dealership run through and connect to the credit union. So...I got a loan through the credit union to pay for it.....low interest. If you buy from a dealership they will let you finance a used car...it's still money in their pocket.

As soon as you drive a new car off the lot, you start losing money. I would always buy used, it will save you money.

If you are going to get financed through the dealership, make sure to compare the rate with the one your bank would offer you. You may end up getting a cheaper interest rate.

You might also try craigslist.com or your local paper if you're looking for a used car.

Answer 5

I'm nearly 60 years old, and I've never owned a new car or truck. I never will, unless I win one, or it's electric. I like to buy used, for cash. Find a used one you like, and pay a good reliable mechanic to check it over for you, after you negotiate the seller's "best price." After your guy looks it over, offer less. Don't reveal what your guy found; you paid for the inspection, the seller didn't. The seller might figure that once you have it looked over, you're hooked, but there are lots of good used cars out there. It's far better to pay the inspection fee for a number of possible buys, than to get stuck with a lemon. If the seller offers to arrange financing, they're probably getting a kickback from the lender. You can get part of that off the price of the car.

Buy a car you like, but try not to fall in love with it, or at least don't let the seller know.

Answer 6

Do a comparison on both. Most of the time if you buy one that is almost new you save a ton of money because you let someone else take the depreciation loss for you. However when dealers give away cars at employee prices then sometimes you can buy one that is close to buying a used one. The advantage to buying new is that you know how the car has been treated where buying used you don't know.

Answer 7

HI, this is where i can really help you, I'm not trying to sell you anything but because i run a body shop i will let you in on the info, forget all that new car stuff,I've cut up and welded so many cars together i can promise you buying new is a large waste of your money, do not be afraid of buying a nice car just because it was totaled before, they send cars to the junk these days for minor damage because of the hi repair cost of most big body shops, if you visit a smaller shop and tell them what car you want they can save you $3000 or more and yes the bank will finance that one too, i bought a 2006 dodge car with 1,900 miles for $2,350 and fixed it like new for $1200. if that tells you anything,good luck be smart.

Answer 8

Never buy a new auto. They depreciate the minute you pull off the lot ( you owe more than they are worth ) Your best bet from a financial point is buy one just about to go out of factory warranty 28k miles or so, then pay the extra for the extended warranty. The cost difference is thousands. My wife and I bought a Susuki Aero 4 door hatchback with 19k on it for 9k and it had a factory 100k warranty and with 80k plus miles on it 3yrs later that little dude is still running strong and we havent had one issues with it..... I would recommend that you only buy from a dealer, and buy only the make that they sell. Do not buy a ford from a chevy dealer...... always remember this. You get what you pay for!!!!! Mechanical things break down, it is a process of friction, and metal against metal so be very carefull....


Good luck and happy motoring

d

Answer 9

The one thing to ask a dealer about a slighty used car with low miles was this car a rental.You will find a lot of rental cars in dealerships because they get them cheep.The only problem is a rental car gets rode hard by a lot of different people.And the miles of hard driving could cost you more repairs in the future.

Answer 10

I'd but a used vehicle.

1.) a used vehicle is more likely to have thr 'kinks' worked out of it---ie recalls, silly electronic isues

2.) a new vehicle decreases alot in value during the first year, then kinda settles down.

3.) it would still have factory warranty on it till at least 30000miles OR 3 years

...but get it from the Honda dealer if you want a Honda and the Ford dealer if you want a Ford...

Value wise I'd stick with a Honda or Toyota