brand new or second hand car?

Question

were buying a new car, but cant decide on which one to get, either a brand new or second-hand car.
here's my point:
BRAND NEW:
pros: Its brand new! everything is guaranteed to be fresh, new and original
0 mileage
no hidden defects or anything....
cons: we have to face depreciation, which sucks

SECOND HAND:
pros: relatively cheap compared to a brand new one.
cons: you'll never know whats hidden underneath
been used already
sellers say lies
different parts from unknown sources

I really need ur advice, and since money is not an issue here, i would still appreciate if you give me additional pionts.. HELP!

Answer 1

Let's break this down.



BRAND NEW:

pros: Its brand new! everything is guaranteed to be fresh, new and original - Agreed

0 mileage - goes without saying

no hidden defects or anything....UNTRUE. How many brand new recalled Toyotas have you seen this year? New cars break down all the time. Have you ever been to a Lexus dealer service department? They are just as busy as the Chevy dealer or CARMAX.

cons: we have to face depreciation, which sucks - True but that isn't all. You pay way more for the car, You pay for it longer (loan terms are generally longer) and your insurance is more expensive





SECOND HAND:

pros: relatively cheap compared to a brand new one. - TRUE but that isn't all. You can get a great used car with a warranty that will last you just as long as a new car if you shop smart. The car will look just as good, ride just as good and last just as long.

cons: you'll never know whats hidden underneath _ UNTRUE - If you do your research and you inspect the car you'll end up with very few if any "hidden" flaws.

been used already - Goes without saying but that isn't necessarily a negative.

sellers say lies - UNTRUE assumption. You can't assume that every person selling a car is a liar. There are thousands of good people selling good cars. You just have to be a good judge of character. There is alos no guarantee that the new car salesman is being truthful either.

different parts from unknown sources - What does that mean? Are you assuming that parts you buy from Autozone are somehow all inferior and should not be sold? That is a moronic statement. I worked at a GM dealer for a decade and if we didn't have a part in stock we went righ to the NAPA store to buy one. The parts were manufactured in the same factory and put in a differnt box depending on who they were selling them to.



A used car is a smart financial choice. If you care about driving a good car and saving money and not superficial things like "it's been used" then a quality used car is the best choice. But in the end it's your money.

Answer 2

Buy what you can afford. Used car prices are pretty much pro-rated for how much life they have left in them. It's true that they're cheaper, but they also have fewer miles left in them. All cars depreciate. People say that new ones depreciate faster......that may or may not be true. Keep in mind that cars depreciate for a good reason...as they age, they get closer to the end of their life, and probably need more frequent repairs...even if it's just normal wear and tear.



I think the only way to "beat" the depreciation is to buy a brand that has above average dependability from somebody you know. Otherwise, just decide what your budget is and buy a car for that price. If you can afford a new one, great. You will be buying more miles before you need to replace it.

Answer 3

It is much cheaper in the long run to buy a used car. If reliablity is of major concern to you then buy a 2-5 year old car. Since you just started working I wouldn't recommend getting into a bunch of debt, if you end up hating the job you don't want to be tied to it because of your car payment. Buy an older car and maybe your dad can show you how to do maintenance.

Answer 4

If you're an experienced driver, looking to buy a long-term car, and you say that money is not an issue, then I would definately urge you to buy a brand new car.

I have bought both used cars and brand new in the past, and the brand new one has been the most reliable and served me the longest.

You may be able to save money buying a recent used car, though as you stated, the previous owner may sell you lies, and you'll end up spending lots on repairs.

Go on, treat yourself to a BRAND NEW CAR!

Answer 5

If you do a proper assessment of the car before purchasing then the used car will be a good choice.

Advantages:

Low price

Extended warranty

High end car which may be difficult to purchase at a less price.

Other benefits which depends on the dealer.

Answer 6

Brand new is NOT guaranteed to be perfect.



Let someone else take the depreciation, get a mechanic to check out a used car. Give the difference to a charity.



Another advantage: insurance is cheaper on a used car

Answer 7

Number one rule: if you really can afford something and you really want it, then buy it. If you really can't afford it then don't buy it or buy something eles. So I suggest you sit down, talk about what you need in a car. Then research ( I advise to buy the Consumer Reports top 2010 Cars magazine) to look for that need in the car. When you find one that's a perfect fit and you can afford it then buy it. If you can't afford it then find it used.

Answer 8

LEASE IT AS NO REASON NOT TO EXCEPT FOR CREDIT PROBLEMS. yOU DO NOT OWN IF FINANCED OR LEASED, 85% TRDE IN BEFORE LEASE IS UP SO NO MILEAGE PENALTY AND CAN SEL EITHER WAY AS BOTH HAVE PAYOFF.



For all ignorant people who say you never own well if you pay off a 20,000 car @420 a month for 5 years with 10% APR, you will spend 30,000.00+ for a 7-8000 car or lease and pay 350 a montyh for 4 years it is 14,200+regular fees plus 700.00 lease fee and for 16,000 and residual , say on camry of 52%, you will owe10-12,000.00 to buybut even though cheaper still banks will negotiate the residual as they will make more with you buying then sending to auction. I did this and bought with 13,211.00 residual for 6500.00 for 2 years @ 8.9% paying 22,000 and own car after al is done.

Answer 9

If money is not an issue then you'd be an idiot not to buy a brand new car. The only advantage of buying second hand is that you save money.

Answer 10

It depends on your price range. Generally new cars are better but you may be able to get a nicer car used.