The choice between buying a brand-new car, or one pre-owned by someone else, is one of those hard choices you all need to make. Getting a new car may be exciting because, let’s face it, it is brand new, and you will be the one to break it in.

The downside of it is that it loses value as soon as you drive it off the lot. Some cars lose a substantial amount of value. You can purchase a slightly used car and get all the benefits of owning a newer car without seeing the value drop before your eyes.

Let’s look at some of the main reasons you should prefer a used car, other than the one discussed already, and maybe it will give you some ideas for benefits that only pertain to you.

• Purchase Price – Since the main chunk of the depreciation has already occurred, the sticker price will be less, even if it is only a couple of months old. Many of the cars being leased, or rented out, will be put up for sale a year after they were bought, which allows you to buy a vehicle that is like new without having to pay the new price.
• Insurance And Registration Costs – Another cost that can be less is the registration and insurance charges. Unless you buy a classic performance car, a used version of the vehicle of your dreams will be much less to insure, and the yearly or permanent tags will not be as high.
• Overall Cost – When you finance a used car, your loan will not usually be more than the car’s value. When you take out a loan to pay for a new car, the cost and interest rates will be more than that car’s current bluebook value. This makes the used car a much better financial choice.
• Choice Of Vehicle – When you buy a new vehicle, you can special order it to any color and design that you want, but you will always be stuck with the new model and new technology. Buying something that is preowned, such as a used Corolla, gives you the option to take your time and find the one you want. One that has good working electronics and technology, and a model that may no longer be in production.
• Complaints – A used car will have numerous owner reviews that you can go through to see if the vehicle you are considering has any significant problems. If you buy new, the only sources you can draw from will be the ones posted by the car maker producing the new car. You will know exactly what to expect when you buy a used car because other consumers like you have taken the time to offer real-time reviews, not just ones designed to sell the vehicle.

In today’s market, the best way to buy a car is to go with a used one. Even when the computer chips and components are once again available for the manufacturers, it will take years for the industry to catch back up with the demand.

The great thing about buying used is that the vehicle is already built and drivable, so there is never a need to put a lump sum of money down on a car just to be told that you will have to wait for the production parts to be delivered. In the meantime, the company will hold on to your deposit to ensure that your car is held in place.

Used cars can be the absolute best way around all the hassles of buying new. Since they have already been broken in, you will know what you are getting, and you will never have to wait for them to be produced while they sit on a chunk of your money.

The post Why Should I Prefer A Used Car To A New Car? appeared first on Motor Exclusive - Auto Industry News and Reviews.

You liked a convertible at the dealer’s parking lot and just walked into the showroom before you could resist. The salesman does his job and there you are checking out the car online. You are impressed and you plan to buy it. Trust me it wouldn’t be wise if you spend all your savings on a car that you liked when coming back home from work. You need to take care of a number of things.

How much can I afford?

To start with you need to budget and see how much you can save for a car after you have set aside the money for basic expenses and mortgages. Based on the left money you can see how much you can save and what kind of car you can get out of it. You need to first have an amount as down payment. Considering the interest rate is important too.

Car reviews

How a car performs and what kind of service you can expect from a car dealer is important to know. So for sure you must go through the car reviews before you plan to buy a car. There are a number of places where you can get car reviews and one such place is Dealer Reviews. It allows people to put in car reviews especially for the Ford cars.

Buy or lease

It is a fact that buying a car lets you have it for the rest of the years after you have paid for it. On the other hand, you will be paying for the car all your life if you take it on lease. The car price is clear and so you know what and how much you will be paying and things are not the same when you take a car on lease.

You will find it hard to understand the terms and calculation, which can turn out to be quite confusing. So unless you get any tax benefit from leasing a car, better buy it.

New or used

It is a fact that the value of the car comes down drastically the moment you take it out from the showroom. So in case you want to save a few thousands why not buy it from the person who bought the car from the showroom. Buying a car which is 2 or 3 year old is fine. When markets hit with recession, many of the car dealers saw their sale went down drastically which has started to pick up during the last few years. Advantages of buying a new or used car here.

Do your work, do your research

When checking out the new car, try to figure out the price of the dealer. Knowing your options is quite important. Once you have the price from one, you can check out with others. Some of the car companies pay a certain amount to the dealers for selling out a car. So better you can make a deal where dealer makes a profit but, you too.
Doing research is especially important when you are buying used cars. Going through Ford Dealer reviews can turn to be beneficial.

How much I did be paying every month?

Now this is something that your salesman is waiting to hear from you. He will offer you a good amount by stretching the years which is no way good deal. So better you stick with the price and make the deal.

Buying a car is a long-time dream of many and so for the same reason it becomes important to go through the tips mentioned above and have a happy shopping experience.

The post Top Things To Consider When Buying A Car appeared first on Motor Exclusive - Auto Industry News and Reviews.