17 Feb 2015 No Comments
Lots of decisions are involved in buying a car. The cost of the car, the make, fuel consumption and passenger capacity are just the tip of the ice berg. You also need to decide whether to buy a new car or search for an old one at one of the best car dealerships in St Cloud MN. The smell of a brand new car, the knowledge that you are the first to own it and the full factory warranty all make buying a new car a great achievement. However, there are times when the bargains attached to a used car and low insurance are just too tempting to pass.
Aside from the alluring smell, there are a few points that make buying a new car the best option and these include; the warranty from the manufacturer, having the latest gizmos, high fuel efficiency with low emissions, and the latest safety features. Used cars on the other hand are appealing thanks to the low price tag attached, less depreciation involved, lower insurance rates and falling registration fees.
Ultimately though, you should look into how you are going to finance the car. Having bad credit will make getting a used car more appealing while good credit will make it possible to buy a new car with little or no down payment. A new car depreciates in value the moment it leaves the lot while a used car has already reached a depreciation point. Some new cars come with free maintenance schedules over a certain period of time or when certain mileage is reached. Old cars on the other hand leave you with the entire maintenance costs.
At the end of the day though, it will benefit you tremendously if you take a closer look at the initial costs and factor in any long term costs before you can decide whether a new car is your best choice or an old one.