Buying a new car? Choose a used one!

If you plan on buying a new vehicle, you should consider looking for a second-hand one. In mst of the cases, used cars get the job done. So, there are a lot of reasons why this is such a good option!

WHAT'S THE REAL COST OF HAVING A CAR?

Vehicles are an important part of our lives and we really couldn’t do without them. But there are a lot of things to take into account before buying a car. Having a car means we’ll have to pay for gas, maintenance, insurance and other costs that we will have to account for in our budgets. 

There are some costs that you already know will be part of your budget. These costs are gas, taxes, registration, and scheduled maintenance. They are ongoing costs, as you will have to pay for as long as you have a car, some of them are paid yearly, some monthly and some others depending on the mileage, but they are somewhat fixed expenses that every car owner is familiar with.

Repairs

This is an inevitable part of owning a car. Whether it is scheduled or an unexpected repair, you need to keep in mind that repairs can easily add up and sometimes they can be quite expensive. In order to minimize the cost, here are some guidelines:

1. Determine whether you should keep your car or buy a new one: sometimes, fixing up your car can be really expensive, especially if it is so damaged that you will have to get it repaired over and over again. Do your maths and determine whether it’s time for you to change it or not.

2. Use the scheduled service: your car manufacturer will recommend certain scheduled maintenance checks. Make sure you do them! You can also consider an extended warranty. Check with your manufacturer to find out more.

3. Shop local: if you need standard service, local shops can provide high-quality assistance and they usually offer fair prices. This, in turn, will allow you to build a relationship with a local business in case something unexpected happens. And, at the same time, you will be helping your community.

Insurance

All cars need insurance. You are required to have one form of car insurance in almost every state. You can opt for the required liability insurance that covers the basics but take the time to shop around and find out what the other options are.

Some insurance companies offer good deals on collision and comprehensive coverage. 
Also, consider including personal injury insurance and uninsured motorist coverage. Keep in mind that your insurance rate will vary depending on different factors, such as age, gender, driving record, vehicle type and insurance score.

CHOOSE A USED CAR!

When you’re about to buy a car, a brand new one’s usually the first option. If you can afford to pay for one of those, you’ll have the manufacturer’s warranty and you know you can trust that your vehicle will surely have low maintenance costs for the next 15 years. 

However, not having a high enough budget for a new car and not wanting to pay for a car loan shouldn’t stop you from buying a good car that fits your needs. You can find it in a car dealership that deals with second-hand cars.

1. Reliable option

The car industry has increased the quality of their products in the last few years. This means, that they’ll stay in good shape and remain safe for a long period. Once you’ve picked a car, you could get it inspected to check everything’s working properly.

2. Avoid car depreciation

New cars lose their value very quickly once they’re on the streets. This is called depreciation and is way lower in second-hand cars. Sometimes it’s better to buy a quality used car rather than a brand new one from a lower standard.

3. Warranty included

Many used cars are still under warranty. You can get this information from car sellers. This is a good way to save up the amount of money you would’ve spent on a warranty and still rest assured that your car’s safety.

4. No car loans

As second-hand cars are cheaper than new ones, you’re more likely to be able to pay for them without asking for any car loans. These could charge you with very high-interest rates, so pay very close attention to this!

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