Should You Buy A New Or Used Car?

Posted By : Aubrey Mead , on Dec, 2016

 

With a large assortment of car dealerships in the Buffalo Grove area, it can be unnerving to find the dealer who will be best for you.  Adding more strain to the process, you may be undecided about whether you should get your next car new or used.  This article presents ways to determine whether a new or used car is best for your needs.

Understanding Your Finances

Purchasing a used car can decrease the amount of initial, upfront costs considerably.  This is because cars lose value as soon as they are driven off of the lot for the first time.  Comparing the Kelley Blue Book value of a used car and the cost of newer models can give you a firm idea about purchase-price savings.  Use this information, along with a realistic perspective of your monthly income and savings, to decide what will be most affordable for you.

After-purchase Costs

While a used car may be initially cheaper than a brand new model, the used model may need considerable repairs down the line.  To ensure you get the best deal, it is important that you diminish the chance of significant after-purchase costs.  Among other things, you must take into consideration when the car was released and the number of miles on it.  If you are not buying from an established dealership, you should also try to get an independent mechanic’s opinion before-purchase.  If the seller refuses to comply, it may be critical sign to walk away.

Expectations for you Vehicle

Your vision for how you will use and care for the vehicle you plan to purchase must be factored in.  For instance, if you plan to put a low number of miles on the car, do not plan to keep it for a considerable amount of time, and will ensure timely maintenance (upkeep), a used car may work well for you.  However, if you need the vehicle to last for a long time or plan to put a lot of miles on it per week, a new model may be in your best interest.

To learn more about car dealerships in Buffalo Grove and get more insight on the cars available, contact Arlington Heights Ford online at http://www.ahford.net.

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