Used Car - New Car... Make Your Best Choice

View PDF | Print View
by: amabaie
Total views: 12
Word Count: 641
Date: Sat, 19 Feb 2011 Time: 7:08 AM

You have heard it said that when you buy a used car, you are buying someone else's problems. Yes, sometimes. Other times you are buying someone else's fine care for their vehicle. However, there are different circumstances that call for different strategies. Are you someone who should buy new? Or are you someone who should buy used? Read on.

When shopping for %LINK1%, there are six types of people we profile here. You might be one of them. If you are, see if your situation matches the people we present here.

Two Types of People Who Should Buy New Cars

The Gadget Lover: Someone who needs the latest and greatest will usually not be happy with a used car that doesn’t have the latest technology. For these individuals buying new is usually the only option as last years model is not going to cut it for them.

The Business Owner: You ask about write-offs before making any decision... if your enterprise is profitable. When you choose a second-hand car from somebody else you can only write off a small percentage of the money you pay. Most Dealerships will lease only brand new vehicles. As a result it might make sense to lease a brand new vehicle, since your lease payments are 100% deductible in most cases.

But there are other people who also want to%LINK2%. Now let's sneak a peek at the ideal market for a second-hand car or truck...and see if your face is reflected in their images.

Without further ado...

4 People Who Should Buy Used Cars

The Fixer Upper Dude: If you drop in on him, you will most likely find that he is surrounded by odds and ends, bits and pieces. His vehicle is often loaded with junk. A shiny new car won't stand a chance. For these individuals/For people like this getting your hands on a used car is gives you much more freedom and peace of mind , because nobody feels as bad about scratching up an old car.

The Starving Student (and beyond): When you're young, money doesn't come easy. So the lower price of buying used can usually be the difference between driving or taking transit. Don't forget that most students fresh out of school/students will find approval for financing a new car is a non-starter The used car option is best for students and recent grads.

The Over 65 Crowd: How well you did in your life will determine which avenue is best to take. If you did great in the stock market and want to splurge, going for that brand new Bentley might be the ticket. That is if money is no object. However, many seniors live on a fixed income, continually eroded by inflation. For them a used car is the car for you. You'll save thousands in depreciation the minute you drive that new car off the lot.

The Free Spirit: Maybe you don’t want to be tied down to car payments on a new vehicle and would like to travel the world without a care. Buying a good used car, paying cash upfront, can give you the freedom to roam the countryside (physically or figuratively) and not be tied to strict maintenance requirements of a new car...and still have a car at hand to help drive that freedom (pun intended).

Whatever you decide - new or used - you should always do your research. There are many websites that will help you along the way to purchasing that great new or used car. There are many people out there trying to sell their car. In fact, you'll probably want to %LINK3%, too, in order to trade up for a new one.

About the Author

David Leonhardt is an Ottawa-area writer. This article about choosing between new and used cars was written for MonsterAuto.ca, a great place to buy a new car.

Comments