Buying a car can be intimidating; There are a lot of points to think about. New or used? Car, truck or SUV? Price range and financing options?
Many people insist on buying new cars only. With a new car, you know exactly where it came from and most new cars come with a warranty that lasts a few years. However, buying a used car also has advantages. A used car does not mean that the car was made in the 70’s and is covered in rust. Lots of used cars are only a year old so up to 30 percent off the sticker price new. Some used cars are still so new that they are still covered by the original factory warranty. Most new and used car dealers today offer an extended warranty on some used cars. They sell certified used cars, not rusty 70’s junk. The certified used car has passed the inspection of car dealerships in every imaginable and that is why they can offer you warranty service. You might pay a little higher premium for this, but for a healthy peace of mind it’s something to think about. Each car has a VIN and Vehicle Identification Number and simple Carfax or Autotrace tracking is possible. Most car dealerships will offer you this service for free, you just have to ask.
As for financing options on cars, nowadays, both new and used car dealers have this option for you. They will look for the best solution based on your credit criteria. The best is usually a good down payment and a 5-year financing agreement. How much you pay is up to you and what you feel comfortable paying. Speak with the finance department and find out what your options are. Remember, they want to sell you a car as bad as you want to buy it. Sit down and discuss options a win-win situation.
Some cars tend to hold up better than others. That’s why some used cars sell better than others. Honda Civics and Accords, Toyota Camrys and Corollas, Nissan Altimas, Ford F-Series and some of the most sought after used cars. It was built with a strong corporate background and has stood the test of time. This does not mean that you should only buy one of these used vehicles. Do your own research and see what works best for you.