Archive for February 2014

Benefits of Buying Used Car

Financial experts say that one of the big ticket purchases that a person can buy second hand would be cars. Buying used cars is a prudent purchase depending on the amount of time that the previous owner has owned the car. As people change their cars more frequently than before, soon-to-be used car owners benefit the most.
Benefits of buying a used car

Brand new cars cost a lot of money. This is not only because of the car itself but also the insurance that you need to pay for your new car. When buying used cars, you don’t only pay for a cheaper car but for a much lower insurance rate as well.

The good news is that car dealerships offer a variety of cars to choose from so that you don’t have to worry about having limited choices. There are Toyotas, Hyundai, Audi among Volkswagen among others. So it is like going into a car showroom that is not limited to just one car maker.

Another thing that is good about the dealers of used cars is that they have websites that can help you get ideas of the cars that are available in their showrooms. In their websites you can choose from what car models are available, manual or automatic transmission, the year the car was made, the price and they even have photos as well. Details like the odometer, or the distance traveled by the car so far, car details and vehicle features are also shown in the website.

Loan and financing options

If you don’t have enough cash to buy your dream car upfront, you can applying for a car financing loan even for used cars. Most of these car dealers have tie up with banks and other financial institutions that all you need to do is to apply in showroom and they will help you process your papers.

Owning your dream car is within your fingertips thank to the websites of these car dealers. They have everything that you need listed down, including the insurance cost and taxes that you have to pay.

When applying for a loan, make sure that you choose the car that is not only fit for your needs but also the amount that you can repay. It will not look good on your credit rating if you apply for a flashy car and yet you can’t keep up with the payment. Of course if you can afford a flashy car and it is what you really need, then by all means go for it!

Buying a New Car Or Used Car

The debate as to whether one should buy a new car or used car is an age-long one that can never really be concluded. An individual who buys a new car can give you loads of sensible reasons why he or she decided to go for a new car at the same time someone who goes for a used car can probably give an equal number of good reasons.

used car

One major factor that is considered by almost everyone who is about to buy a car is depreciation. Both buyers of new and used cars usually consider what the car will cost in another few years when they are ready to trade it in for another one. Another major issue is finance obviously a brand new Toyota Camry for example will be more expensive than one with a few miles on it no matter how little. Most buyers purchase their cars on a finance plan and there is usually interest to be paid on the loan, so anyone in this situation will want to buy a nice car that will have the features he or she wants without going above the budget. Since Majority of the people in most countries are in this category and new cars are usually expensive, you will find that more people go for used cars than new cars as this is simply what they can afford.

Asides from finance and depreciation there are other factors that influence this decision. Used cars used to be deemed inferior but not anymore as there are now tools to do detailed checks of a car’s history before settling for it. A major reason people get skeptical about used cars is the possibility that there might be some underlying problem with the vehicle which the owner might not be revealing. There are now approved used car warranty plans that can offer up to twelve months warranty keeping the used car buyer re-assured.

The benefits and incentives of a new car are very obvious from manufacturer’s warranty to free repairs that can last up to three years; so far you can afford the one. Another factor to consider when buying a new car is the vehicle color, for example a pink Mercedes-Benz will not sell as fast as a black or grey one. Also if you buy a new car that was quite popular when it was released and the automaker is stopping production on it because a newer model is in the works, you might not have to worry much about depreciation as you will most likely get a good deal when selling because it will no longer be in production by then.

One major advantage of getting a new car straight from the manufacturer is customization; the car can be customized to the buyer’s specification from interior color and material to exterior color and finishing. It is the job of the car sales guy to try to convince you to add some more features and customize to the maximum, to save yourself some money be prepared and know what you really want.

In conclusion, there are benefits to either option. The major advice given by most car dealers is to “Never go to a Car leasing Unprepared”. This basically means do some research and make sure you have narrowed down the features of the car you want from the automaker options to the size of the car before taking a trip to the dealership.