Posted on 5/1/2018
When it’s time to purchase a vehicle, you have a wide array of choices available. Not only do you need to choose the model and make of an automobile, you also need to determine whether a used or new car makes the most sense for you. This is a crucial choice and it can make a make a significant difference in your future financial output. Here are some advantages and disadvantages of purchasing a newer car or one that's used. Advantages of a New Car The big advantage of purchasing a newer vehicle is that you are getting a car that usually comes with a warranty, has better gas mileage, and fewer emissions. Newer cars will most likely need few auto repairs in the first few years and the money you spend will most likely be for general maintenance. A dealership may also provide financing at an interest rate that is lower. As a result, this will decrease the amount of interest over the lifetime of the loan. New cars usually have the latest and greatest technology and that ... read more