New or Used Cars?
Before you consider buying a new car, consider what buying a new car will mean to your future transportation and financial needs. The largely held opinion of new car buyers is that they will not have to worry about the vehicle breaking down, thinking that they will keep the car for 10 years and only put around 120,000 miles on it. If the fear of car mechanical problems is the principle factor in your decision, you should take another look at the facts before you make the decisions to buy a new car.
The first problem with this train of though is that all cars break down. It does not matter if they have 100,000 miles or 100 miles on the odometer, these mechanical means of transportation have unforeseen problems of all kinds, and it is very difficult to predict how often or when a car will have problems within the first 100,000 miles. Cars are simply machines, and as long as they are cared for correctly, they will continue to run smoothly. Even if you get lucky and your new car does not break down, you will still have to spend money on regular service, recalls, and service bulletin actions if you want it to stay in good shape.
There is also a flaw in the idea that you will keep an automobile for ten years. Yes, some car owners really do make it for the long haul, but statistically, new car owners transfer their vehicles on an average of 59 months within their purchase or lease date (not quite five years). New car technology is constantly developing. Can you imagine the cars people will be driving 10 years down the road? Think about what kind of computers people were using just five years ago. The simple truth is that you will most likely want a change before that.
Used cars can be just as nice as new cars. Many car owners take excellent care of their automobiles, and you can hardly detect the use of some used cars. Consider the fact that a new car loses a considerable amount of its value as soon as you drive it home. Why spend that extra investment, when you will see no return? What if you decide you are unhappy with the car one year down the road? The value will have decreased so much within that year that you are guaranteed to lose money. Is it really worth the risk? Plus, some used car dealers offer CarFax reports that will give you a detailed description of the vehicle's history. If you are really worried about getting a problem car, this information should help you feel a little more secure.
Though you can catch up with the value depreciation of a new car in 7 or 8 years, you can do just as well buying a one or two year old car and holding on to it for five. Not to mention the fact that you will spend less money on a used car to begin with. It is important to really think about your reasons for wanting to buy a brand new car. Is that really what you need? Take a look at some used cars first, and you will see some amazing used cars waiting for a new home.
About the Author: Greg Chapman of Greg Chapman Motors is a knowledgeable and leading provider of used cars, trucks, and SUV’s. Since 1959, Chapman motors has offered reliable used cars in Austin and the surrounding area. For more information please visit http://www.gregchapmanmotors.com.
The first problem with this train of though is that all cars break down. It does not matter if they have 100,000 miles or 100 miles on the odometer, these mechanical means of transportation have unforeseen problems of all kinds, and it is very difficult to predict how often or when a car will have problems within the first 100,000 miles. Cars are simply machines, and as long as they are cared for correctly, they will continue to run smoothly. Even if you get lucky and your new car does not break down, you will still have to spend money on regular service, recalls, and service bulletin actions if you want it to stay in good shape.
There is also a flaw in the idea that you will keep an automobile for ten years. Yes, some car owners really do make it for the long haul, but statistically, new car owners transfer their vehicles on an average of 59 months within their purchase or lease date (not quite five years). New car technology is constantly developing. Can you imagine the cars people will be driving 10 years down the road? Think about what kind of computers people were using just five years ago. The simple truth is that you will most likely want a change before that.
Used cars can be just as nice as new cars. Many car owners take excellent care of their automobiles, and you can hardly detect the use of some used cars. Consider the fact that a new car loses a considerable amount of its value as soon as you drive it home. Why spend that extra investment, when you will see no return? What if you decide you are unhappy with the car one year down the road? The value will have decreased so much within that year that you are guaranteed to lose money. Is it really worth the risk? Plus, some used car dealers offer CarFax reports that will give you a detailed description of the vehicle's history. If you are really worried about getting a problem car, this information should help you feel a little more secure.
Though you can catch up with the value depreciation of a new car in 7 or 8 years, you can do just as well buying a one or two year old car and holding on to it for five. Not to mention the fact that you will spend less money on a used car to begin with. It is important to really think about your reasons for wanting to buy a brand new car. Is that really what you need? Take a look at some used cars first, and you will see some amazing used cars waiting for a new home.
About the Author: Greg Chapman of Greg Chapman Motors is a knowledgeable and leading provider of used cars, trucks, and SUV’s. Since 1959, Chapman motors has offered reliable used cars in Austin and the surrounding area. For more information please visit http://www.gregchapmanmotors.com.
posted by Greg Chapman at
10:24 AM
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