You need a new car, you have driven the old one until the repairs cost more than a car payment. The last year we had our van we put about $3,000 into it and sold it for $1,000 at the end of the year, not a wise investment. Which is the best choice, new or used? I did a little Google research and the jury has decided that used cars save thousands as compared to new. One article I did read stated that with special financing and incentives some new cars could run you about the same as used. That used cars are a pretty safe bet. But there are advantages to new also.
Car dealerships in Lansing, MI have new cars have unlimited options with a wide choice of color, style, seat fabrics, model, body, and customized options that would be difficult to find in a used car. There is also that ‘new car’ feeling, straight off the assembly line, just yours that is hard to beat. The biggest disadvantages of a new car is depreciation. Drive it off the lot and you just lost 30 per cent. That is a big hit! If you plan on keeping a car for a long time that depreciation slows down over time. New car warranties are also a positive thing to have.
Advantages of buying a used are pretty obvious, cheaper to buy is always number one. Cheaper to own as it has already taken the depreciation hit, insurance and licensing are often cheaper on a used car. When buying a new car the options are so hard to resist that owners often add moon roofs, tints, seat covers all which add little to resale. The disadvantage is that there is a risk of buying someone else’s problem car. Always take it to a trusted mechanic. Car dealers in Lansing, whether you are buying a new or used car, can help you navigate the best deal for you.