Because new cars lose a sizable chunk of their resale value once you drive them off the lot, conventional wisdom says it’s wiser to buy used.
Money Crashers bucks that line of thinking, suggesting several advantages new cars have over used models.
Here’s a sampling of the reasoning in the post:
*New cars have the most up-to-date safety technology. If you’re buying a minivan because you want to make sure its tank-like features will keep your kids as safe as possible, it could be worth paying more for the latest stability control and side airbag upgrades.
*Newer cars may be more efficient with gas. With gas prices seemingly always on the uptick, manufacturers tend to emphasize fuel economy. Better miles per gallon could make up for a price premium over time.
*The sticker price could be an illusion. Dealers may be willing to bargain to move certain models off the lot, and there are often stripped-down versions of feature-rich showroom cars available that can save you thousands of dollars.
When you’re out to purchase a care, what goes in to your decision of whether to buy new or used?
Should I Buy a New Car? 6 Reasons to Buy a New Car over a Used Car [Money Crashers]